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IMF warns Australia on household debt vulnerability, page-8

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3bornot3b

6,351 Posts.

10/10/17

17:33

Post #: 27799848
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Originally posted by 3bornot3b ↑

This from the article sounds pretty spot on to me:

"Das says we rely too much on mining, we have a huge property bubble, too much debt, we pay ourselves too much and our productivity growth is too low, we depend too much on foreign capital."

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however, many don't get paid much compared to real estate prices and rising utility prices....
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