In June, 2010, The Australian reported that Mr. Grantham (co-founder of global investment management firm GMO) predicts a crash of the Australian housing market.
BusinessInsider’s “Chart of the Day”seems to underscore the magnitude of the Australian “housing bubble” http://www.businessinsider.com/chart-of-the-day-house-price-indices-us-australia-2010-5.
American stocks and Australian ADRs that might have exposure to a collapse of a purported Australian housing bubble could include:
| Issue | Exchange | Symbol | Industry | |
| COMMONWEALTH BANK OF AUSTRALIA | CBAUY | Banking | ||
| Australia and New Zealand Banking | PK | NABZY | Banking | |
| Westfield Group | WFGPY | Retail Property | ||
| WESTPAC BANKING CORPORATION | NYSE | WBK | Banking | |
| BORAL LIMITED | NAS | BOALY | Construction | |
| JAMES HARDIE INDUSTRIES LIMITED | OTC | JHINY | Construction | |
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Let Us Bring the World of Business to You!Tags: American stocks, Australia, Australia and New Zealand Banking, Australian, Australian ADRs, Australian housing bubble, Australian housing market, Boral Limited, BusinessInsider's, collapse, Commonwealth Bank of Australia, Global Investment Management Firm, GMO, housing market, James Hardie Industries Limited, Westfield Group, Westpac Banking Corporation
