Katrina Parrington

Mortgage & Finance Broker, Elders Home Loans – Northern Territory – P. 8932 8900

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  • Elders Home Loans

  • Katrina Parrington

    I am a long term Centralian resident with more than 18 years experience in the financial services industry. Initially, in Real Estate in Adelaide before pursuing a career with Elders Insurance Alice Springs and lending roles with major banking institutions where I gained extensive experience in Home Loans and Commercial Lending here in the Alice and in Darwin.

    I have a unique set of skills that ensures I understand your lending needs and can provide you with professional advice and personal service.

    Tel: 08 8953 8800
    email: katrina.parrington@eldershomeloans.com.au

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Global Financial Concerns

Posted by Katrina Parrington on February 7, 2010

The Australian market has copped two big concerns this morning.

The first is a financial one – problems in the European banking sector would quickly be felt in Australia and would push borrowing costs higher for our banks and, as a result, our SMEs.

The second concern is about the global economic recovery. If it stumbles, then commodity prices will fall, which has a big impact on our market given it is so full of resources companies. Falling demand for commodities will hurt profits in this county, which would in turn hit Government revenues which would in turn put pressure on the Commonwealth Budget.

Yes, it’s amazing that problems in far-off places like Spain and Greece and Portugal could impact Australian companies, but the interconnectedness of global markets means nerves in Athens hit Australia faster than ever before.

Today’s fall might well be overdone – markets do tend to get overly nervous – but it’s a great reminder that things do remain quite fragile around the world.

Australia has shown remarkable resilience to these global chills, but we’re not immune

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