Australian housing market - property Bubble & Banks, 2018 Insights

Pete Wargent Daily Blog: Mortgage arrears decline again

 

I mean the other 30%

 

The rest is a combination of equity and wholesale funds - wholesale funds includes repos, bank bills etc. which are local and hence not exposed to US rates as they tend to track the overnight cash rate. Most of the funds sourced from the US is term debt so we won’t see the impact of rising US rates until they reissue their term debt.

 

I wonder sometimes If they really know what the true figure is.
Ive read a couple of articles over the last few months , I cant remember if it was by Scot Pape or Noel Whittaker and the 40% number was used , not sure if it was a typo error or really old data was used.
The articles themselves were not about where the banks get their funding from ,but just came up as part of the article and more to do with background info.
But the great thing about cash is it can be moved around very quickly.
There is also the possibility that the spread between the US Fed rate and the RBA could almost double by christmas.

 

Mortgage default rates are increasing, not decreasing, as implied by RMBS data

 

The person being interviewed is Bill Strong for Realvision TV, & runs a hedge fund called Eschaton. A great interview (this seems to be shortened as the full was 90+ mins IIRC)

From his funds website:

It is our contention that the ever increasing levels of global indebtedness and the unprecedented monetary experiment underway to attenuate it, are unsustainable. One day these historic anomalies will have to be resolved and we think of that moment as the “Eschaton”

 

Interesting delinquencies fell .
Arrears went up? What do you think the cause is I would assume both move inline?