menta...wrong...australia's debt as a % of disposable income is in line with the US UK Canada, the only countries you can compare anything with, the rest of the world are 3rd world economies...Netherlands is the highest at 200%
but if you read this link....our debt as a % of our assets...is about 17%....that gives us around 83% equity...
the bears dont get the whole picture...they just look at debt figures the reality in contrast....is a huge asset....or equity so to see the full picture...a debt of 17% is nothing and while most of the bears sit and wait for the prices to come down (some have been waiting a decade so far) that asset and equity is increasing....year in year out
