Tweet of the day: Hong Kong housing bubble risks downplayed by S&P, notes CommSec's Craig James

Tweet of the day: Hong Kong housing bubble risks downplayed by S&P, notes CommSec's Craig James
Larry SchlesingerOct 15, 2012

Australia is clearly not the only country in the Asia-Pacific region where rising property prices have been linked to a possible housing bubble – and downplayed, says CommSec chief economist Craig James.

Attending a Standard & Poor's (S&P) briefing to analysts today in Sydney, James tweeted:

Earlier CommSec tweeted that S&P gave a "guardedly positive analysis of global bank system" adding that US banks are "85% through the working off problem loans".

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer