Australian Economy, Uncategorized

How central bankers blew up the global economy – Analysis & Opinion – ABC News (Australian Broadcasting Corporation)

Graph shows housing prices, red, and household debt, blue, former rising and falling, latter rising with time.Graph shows list of countries with inequality rising depending on wealth for poorest, middle, richest percentage of households.

Australian households are among the world’s most indebted when compared with their income. And we’ve spent most of it on real estate.

Politicians are promising, but not delivering

Low wages, job insecurity and a sense the game is rigged tends to quickly follow through to the political arena.

via How central bankers blew up the global economy – Analysis & Opinion – ABC News (Australian Broadcasting Corporation)

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