But it wasn’t the central bank that pricked the bubble; its interest rate is at a record low!
“Authorities should prepare contingency plans.” The big four banks are too exposed to mortgages. Even if they don’t topple, the economy will get hit.
“Ponzi finance schemes are struck firmly in reverse gear.”
“Australia’s WTF Moment.”
Best way to short Australian real estate, or “widow maker trade?”
The vested interests were out for blood.
There are some serious kinks in Australia’s economic chain.
Possibly driving an already weak economy into recession.
Those few warning of a housing crash are “scaremongers” – now playing out in Australia.
“The result of Libs talking down Oz Economy.”