Tim Morris-Smith

Remembered for Transformation - change - social entrepreneur - innovation - leadership - faith hope love - adventurer - passion and purpose - SC and SYD

[Tim Morris-Smith @timboms]

China’s government using even more debt this week to stimulate their economy which in turn is our biggest export market ... massive risks reported there ... why not here? Are we immune @Stephen_Letts @abcnews #Consequences please???

[ABC News @abcnews]

China opens the debt taps again as economic growth slows to multi-decade lows https://t.co/WJdPYbbZna (Pic:Reuters)

[Tim Morris-Smith @timboms]

@PhilipSoos @niremas It’s catastrophic as bank loan book LVR will be underwater. The untold story is banks borrowing overseas to fund this debt binge. So much refinancing for cars and holidays too. ZERO macro prudential supervision but loads of GREED! @abcnews #auspol #ausecon

[Tim Morris-Smith @timboms]

Median house price San Diego $0.9m AU ... Ashfield inner west Syd $1.5m ... Average wages comparable yet Australia house prices crazy ... WHY are people surprised that a correction is now happening? Good @smh article below ... #ausecon #auspol #ausproperty

[Matt Barrie @matt_barrie]

Australia could suffer the biggest property price falls in the world this year #auspol https://t.co/AEozRZqOvY

[Tim Morris-Smith @timboms]

@Scutty @BIAUS How much of this is refinancing and how much funding purchases?

[Tim Morris-Smith @timboms]

@niremas Yep. Mainstream media is surely conflicted... reliant on property advertising... so why would they call the reality of the market! Too many spruikers on TV and in papers misleading a public that has not done economics 101. #ethics #auspol #ausecon

[Tim Morris-Smith @timboms]

If this can happen in Vancouver... dreadful numbers below ... it surely can, is and will happen here ... same market forces so same outcome! ? !#ausproperty

[Mortimer @mortimer_1]

WOW! That's quite the mark to market and loss of $900,000

4213 W 14th Avenue, Vancouver

Just sold $1,980,000

Bought 2016 $2,880,000

2018 Assessed: $2,437,100
2017 Assessed: $2,863,000

Most recent listing was 233 days on market. Started at $3,030,000

#vanre

[Tim Morris-Smith @timboms]

@rajneesh31 @niremas @ShaneOliverAMP Yep - but their ratios / risk are not as wild as ours!

[Tim Morris-Smith @timboms]

This says it all. Australia household debt up 80% between 09 and 17 and house stock value up 80%. All debt and population and NOT driven by entrepreneurship and new REAL wealth creating businesses. #auspol

[Tim Morris-Smith @timboms]

@linzcom Look at the fundamentals... wage growth .. per capital GDP ... structure of our economy... we are hopelessly exposed to China and debt and population driven housing market ... we make nothing and are a branch economy. ZERO #auspol strategy. #Sad

[Tim Morris-Smith @timboms]

@rajneesh31 @niremas @ShaneOliverAMP Yeah right 50 more basis points from RBA useless ... as is any notion of QE in a tiny Aus bond market 1/80th the size of US. Rates here heading UP due to risk and global trends. Did no one study economics? #ausecon #auspol

[Tim Morris-Smith @timboms]

@niremas We could all see this coming. A population and debt Ponzi scheme. Why aren’t @MoodysInvSvc @FitchRatings all over this? Our banks are massively exposed! Housing is low risk IF your economy is NOT a debt and population Ponzi scheme! #auspol

[Tim Morris-Smith @timboms]

California med house price is HALF metro NSW ... BUT California has twice the GDP of Aus and MAKES aerospace / technologies and is HQ of Apple! Why are we surprised that #ausproperty is in for a massive fall! The population Ponzi scheme is ending! #ausecon

[Tim Morris-Smith @timboms]

@CallamPickering The whole situation is so out of whack wigs fundamentals - quite how so many were in denial for so long is a mystery - did no one study economics in Australia? @IanVerrender you’ve been calling this for ages? The poo is hitting the fan!

[Tim Morris-Smith @timboms]

@aus_business This is rediculous ... RBA is delusional ... our tiny bond market and in reality 50 basis points will make no difference... bank lending now more influenced by global markets and risk ... this is not going to end well. No new ideas! @mikejanda thoughts?

[Tim Morris-Smith @timboms]

This must be a joke! The US Fed pursuing QE in a $80 Trillion bond market is credible ... BUT Australia has a $1 Trillion bond market! No chance QE will work here and 50 more basis points off rates will have NO effect! NO NEW STRATEGY! #auspol #pathetic

[Business Review @aus_business]

NAB predicts cash rate of 1pc, suggests RBA may pursue quantitative easing. https://t.co/5nkRyDxdnT

[Tim Morris-Smith @timboms]

@JoshFrydenberg Josh this is incredibly awful ... quoting percentages as an indicator of absolute increase in first home buyer volumes is just wrong ... lets face facts and have some real leadership to address the challenges we face

[Tim Morris-Smith @timboms]

@TheKouk @corelogicau You sound like a property spruiker Mr Kouk.

[Tim Morris-Smith @timboms]

@magicrossy @StreetNewsAU @gingera03 @Scutty @BIAUS I hope you’re right Ben I really do. Early in 08 no one seriously questioned Lehman’s or Bear Stearns and if you did you were considered mad ... Does today’s Westpac HEM issue suggest a DSCR problem if rates rise?

[Tim Morris-Smith @timboms]

@IFM_Economist @jasemurphy Alex I’m looking for it ... best I’ve seen is people are clicking property adverts more ... We face risks in rates / credit / fx / auspol / p&I refi / repo market / net foreign debt / new construction oversupply / trade tariffs / China econ ... #ausecon

[Tim Morris-Smith @timboms]

@linzcom Where’s APRA in all this. Doesn’t this revelation Impact provisioning given impaired DSCR? #bankingRC