Wednesday, November 14, 2007

Good article about debt in Australia (12 months old)

Economist says debt levels more dangerous than inflation

Dr Steve Keene, Associate Professor of Economics and Finance at the University of Western Sydney, with that dire prediction of a deflationary bust 12 months ago.

Posted by sold 2 rent 1 @ 12:10 PM (588 views)
Please complete the required fields.



One thought on “Good article about debt in Australia (12 months old)

  • Quotes

    “So whatever policies the bank has been following for the last 40 years have had no influence on the level of debt. And I think this blind spot is now… you can’t afford to have that blind spot anymore when your debts are one-and-a-half times your income.”

    “So you can actually be in a recession and debt levels are still rising (for 2 years approx.), simply because of the momentum issue that’s involved in debt. And, unfortunately, far too many people know what I’m talking about now.”

    Debt levels did not peak until 1933 in the US.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>