abbott's list , page-16

Lappy, 1 word for that post - Rubbish.

Some truth to your argument.

1) Gross national debt of households, businesses and governments has roughly doubled since 2005.

2) Steve Keen has been predicting a 40% crash in real estate values 2007 and we're still waiting.

3) Household debt to asset ration flattened out around 2004 to 2007 - http://www.abs.gov.au/AUSSTATS/[email protected]/Lookup/4102.0Main+Features60March%202009

4) In October 2007 Australians owed 29.4 billion on their Credit cards. That grew to 47.7 billion in October 2011 - http://www.creditcardresearcher.com.au/news-articles/Australians-still-living-on-borrowed-dimes.aspx

Lappy I have not really read many of your posts in the past and based on the BS you've posted tonight that was time well saved for me :-)