The only thing keeping Australia's housing bubble and mortgage Ponzi scheme from bursting is confidence in the market and a misguided faith in our government's and our RBA's ability to balance the largest inbalance of household debt in Australia's history.
As confidence wanes and buyer demand evaporates, as we're already starting to see, the house of cards will become exposed leading to a destabalization in our whole banking system. And this is the RBA's greatest fear.
