Relevant:
- Australian Property Loans Need Watching, RBA Says
- Morgan Stanley Sees U.K. Home Prices Extending Drop in 2012
- Morgan Stanley Looking at U.S. Regional Banks
- Morgan Stanley’s Investa May Allow Exit From Funds in 18 Months
- No U.S. rate hike until 2018 -- and it's the consumer's fault, Morgan Stanley says
2010-08-18 — bloomberg.com
"Australian homes are about 40 percent overvalued and prices may retreat should unemployment rise or banks tighten lending, Gerard Minack, the firm’s head of global developed market strategy, wrote in a report dated Aug. 16. That means it’s a good bet to purchase option contacts that become more valuable as shares of Australian property developers and lenders fall, Morgan Stanley’s derivative strategists said in a separate report yesterday."
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