http://blogs.wsj.com/economics/2015...equals-282-of-gdp-raising-its-economic-risks/
This maybe a little more revealing the link is just source document of above. When you look at Joe Hockey,s comments the other day about, everyone should have a go, borrow to invest, borrow to expand business then look at the break down above its just plain scary. The treasurer telling people with highest household debt in the world to go out and get some more. Do your bit for Australia he reckons, great till in a few years interest rates go back up and your bankrupt. Lol. Smokin Joe and his fire sale on cheap debt.
Last edited by 1ForDaMoney:
trading economics only refers to government debt in their figures.09/05/15
http://blogs.wsj.com/economics/2015...equals-282-of-gdp-raising-its-economic-risks/
