A ticking time bomb, page-133

"Mr Byers, chairman of the Australian Prudential Regulation Authority, told a parliamentary committee it was not possible to tell whether a market was a “bubble” before it was too late.

“But if you look at the conditions we are in at present, where we have very low interest rates, very high household debt, subdued income growth, rising unemployment, very high house prices and a very competitive financial market in terms of housing lending, there is a lot of potential for risk and risk is higher than it might otherwise be.”

More like - ts too dangerous to call a bubble until its pops because you don't want to scare the chickens in the the chicken coop..

The FACTS will speak for it-self. I'm lucky to at least have a brain.