Have we taken over from the USA as being the biggest spenders? http://money.ninemsn.com.au/article.aspx?id=988071
"It's the first time household debt has cracked 100 per cent of annual GDP and it's a terrible, terrible sign," University of NSW economics professor Steve Keen told News Ltd.
Do the property bulls really think that properties will keep rising as interest rates keep rising......oh yeah, I forgot, population growth.
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Have we taken over from the USA as being the biggest spenders?...
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