The private debt bubble is nowhere near as bad as you may think it is. Check out the net assets that people with private debt have. Especially when it comes to property debt. Most people are earning $80k and above and have sufficient buffers.
The much much bigger worry is public debt in this country that is sky rocketing. Keen is clueless as he thinks Australia should keep running deficit budgets and it's not a worry. I have literally no respect for that guy.
Ann: UBS Conference Presentation, page-24
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