Friday, November 28, 2014

is there a 2015 crash coming?


 Is there a 2015 crash coming? read this article. The SMH  this month alerts us to some of the dangers...

http://www.smh.com.au/business/markets/predictors-of-1929-crash-see-65-chance-of-2015-recession-20141111-11k2cy.html

keep in mind that the aussie banks  nearly doubled their profits since 2008, and are now lending madly and people are spending on their credit cards, like there is no tomorrow.
Housing prices have been rising in most of the big cities, but steady elsewhere. So willthe housing bubble burst?

Did the economists learn anything from 2008?



Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.