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Crom Valen

44,246 Posts.

2012

03/03/21

14:08

Post #: 51485209
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Originally posted by Davidspades ↑

I would like to the see the same graph for second half of 2020, I wonder if even after all the stimulus, quantitative easing, loan repayment holidays household debt has decreased by much.

In the end markets dictate interest rate as risk increases - not governments...

"Only when the tide goes out do you discover who's been swimming naked.”

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Imagine if this vast increase in debt was actually productive earnings on exports.

Two ways to maintain a standard of living: earn the money, or borrow it & spend it.....and worry about the debt later.

Australia has chosen the second option.
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