A new analysis by Barclays Bank has revealed that Australia’s...

A new analysis by Barclays Bank has revealed that Australia’s household debt, at 130 per cent of GDP, is now the highest in the world..

..China has seen the world’s biggest increase in debt to GDP ratio (80 percentage points) between 2007 and 2014, according to McKinsey & Co.

The Financial Times’ Martin Wolf says China’s “huge credit boom” has several disquieting features:

Read more here; http://www.theaustralian.com.au/bus...nas-debt-dilemma/story-fnp85lcq-1227264276843

Record levels of debt fueled the investment mania and housing boom - both here in Australia and in China. Any domestic or global financial crises or economic shocks would lead to the deflation of both bubbles. And we've never been more vulnerable than today.