Shouldn't lower unemployment mitigate the bad debt component from rising?
- Yes, as I said above until unemployment goes higher then (sic bad debt) that is just a perception.
I'm no economics academic, nor do I wish to be one. The ones that I know are all broke. Better discuss your next couple of paragraphs with one.
News: CBA Australian lender CBA lifts variable mortgage rates after RBA decision, page-8
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