WELL, THAT AUGURS WELL FOR THE AUSTRALIAN ECONOMY – NOT!

economyYup, the banks and other credit providers are still kicking ass in good ol’ benighted Oz.  That should put a few hundred thousand more people out of work.  We may hope that one day Australians will come to see the connection between a bubble real estate market and economic collapse. That’s what this blog is all about.

However, most journalists and economists still seem to believe a “strong” real estate market and excessive household debt–a burgeoning FIRE sector you may say–is something to which Australia should aspire. [!]

Only if we wish to crucify ourselves further.

 

 

One thought on “WELL, THAT AUGURS WELL FOR THE AUSTRALIAN ECONOMY – NOT!”

  1. You can be sure that the onset of economic collapse will be signalled by both media and politics going into overdrive demonising refugees.

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