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Eddie_George

Hpc: Who's Going Down First Out Of This Lot?

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First country to have a 25% YoY fall in house prices!

Denominated in US dollars to mitigate the effect of these countries devaluing.

I could list more, but it could become a long list!

Edited by Eddie_George

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It's houses now not currencies? USD just to complicate it? :huh:

I'm abstaining to stop my head hurting.

It always was houses, I just didn't make it clear.

Sorry, it's my first (and probably last) poll!

USD just to avoid the nasty central bankers devaluing their own currency. My reasoning is that the US has had much of their crash. Could have chosen gold, but some people may object.

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no China?

UK's already had one (and you haven't listed London) so I'll go for Australia.

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I picked Australia because the Chinese property market has started to implode.

I have a feeling that the crisis will be a similar outcome to last time but this time the international crisis will primarily affect the over-leveraged sovereign nations rather than the de-leveraged Euro and US areas.

I am not entirely sure how it will manifest, but through bond prices and interest rates seems like the most likely way forward, triggered by the rising Chinese defaults increasing global risk.

I see that NZ have moved to protect its self from the coming turmoil by raising interest rates recently.

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I picked Australia because the Chinese property market has started to implode.

I have a feeling that the crisis will be a similar outcome to last time but this time the international crisis will primarily affect the over-leveraged sovereign nations rather than the de-leveraged Euro and US areas.

I am not entirely sure how it will manifest, but through bond prices and interest rates seems like the most likely way forward, triggered by the rising Chinese defaults increasing global risk.

I see that NZ have moved to protect its self from the coming turmoil by raising interest rates recently.

Part of the statement re that rise

There has been some moderation in the housing market. Restrictions on high loan-to-value ratio mortgage lending are starting to ease pressure, and rising interest rates will have a further moderating influence.

http://www.rbnz.govt.nz/news/2014/5655497.html

Rates on savings well above their inflation rate

https://www.interest.co.nz/saving/term-deposits-1-to-5-years

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Where's Russia? considering it's about to go to all out war with the Ukraine.

so I guess it's belgium then, because the US,UK and canada all know that the non-entities in europe were trying to screw us over.

..bang goes NATO.

so we don't get involved when the reds come steaming through europe.

we might be arsed to save a couple of scandinavian countries,but that's about it.

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China has got to be up there. Esp since the Chinese mega rich have been buying up elsewhere like crazy. The rest of the small money is going to follow eventually.

Then what prop is left for the chinese market ?

Yep...I vote for China.

Salaries at 10,000 dollars, prices for a small apartment at 300,000 dollars.

Japan`s bubble was big but it`s got nothing on China...

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