He is a fruit loop, scaremonger and playing on everyones fears..... I watched it...only because I was bored...he is writing another book....this is media advertising for his upcoming book...do a google...interviews everywhere....
try to apply some of his scaremonging theories regarding property and debt....to reality....it does not work...
some things are probably true...for example its credit cards , business loans and margin loans that send people bankrupt...
how do you get out of debt or reduce it if its tied up in your own home ???? what a fire sale for the prop and no debt.. sell the house and put the cash in the bank...to earn 2% or less... how ridiculous.....and pay rent in the meantime he dismisses the housing shortage in australia.... a recession usually last about 12-18 months....so all this panick for a short term situation....
very different attitude to all the other economists...and none of them get even close to the mark cheers
