Bernanke: "As has been the case for some time,
the housing market continues to be a primary
source of weakness in the real economy as well
as in the financial markets."
Yes, we know what housing bubbles do to everything.
Aussies have just had the Howard/Costello debt binge.
Of course, it is now an economic death-binge.
Those property debt-bubbles are a barrel of laughs.
.oOo.
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Comments (6)
Ricardovitz
said:
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and yer money, I'm gonna swoop in and buy me up a whole heap of Australian land fer me to rent out and clean up the place. |
Ricardovitz
said:
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Old man Rudd don't know nothin! Now, listen up, cuz you need to listem to me. I'm tell'n you - you better git all them Aussie Bucks out of that Australian Bank of yers. Then when you git done pullin all of yer money out - go get youself some of that slant-eyed, Nip currency - called Yen. Don't waste no nevermind on Yankee Dollars neither. And, you can forget that other chink money. Other than them anywhoo, ain't no money 'round that's any good. Oh, and don't be gettin yerself a heap of gold. At $900/oz, you might as well buy youself a whole mess of Amway products from that retard brush salesman on three wheels. |
TEX LUMBAGO
said:
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But I understand Uncle Vlad has a very good setup in the Motherland so I might get in my jalopy and head east once again. The jingle of the rouble in your pocket, and a little babushka's head in your lap, sounds mighty comforting now. |
Longfellow
said:
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I'm concerrned that Rick is talking about buying houses because clearly the bloke is not yet house-trained. |
Cynical observer
said:
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Doesn't "babushka" mean granny? Only necrophilia could be worse! I'm not going to risk it until I get a Russian/English dictionary. |
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