Apparently, Australia is number 2 on the debt slave list and only narrowly beaten by Switzerland. China is rocketing up on the debt slave ratings too and looks like overtaking everyone (see below).
A perfect storm is brewing (recession) and its global. The debt slaves have got no money left in their pockets after they pay the mortgage and house prices are now falling which makes them clam up more.
Consequently, businesses make no money and have to put off staff. The sacked employees default on their mortgages and the home fire-sales drive house prices down further which makes things worse, etc. etc.
https://wolfstreet.com/2019/03/09/s...debt-slaves-americans-wimp-out-in-11th-place/
Apparently, Australia is number 2 on the debt slave list and...
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