The New “Big Short”? – Australia’s Housing Bubble Is “In the Grip Of Insanity”

by Tyler Durden
ZeroHedge.com
02/24/2016

“The property bubble is everything to this economy and the country’s citizens, whether they know it or not, are ‘all in’.” Those who so to speak ‘live inside the bubble’ are no longer aware of its dangers. The mentality of Australians is generally well aligned with the country’s great weather – their outlook usually tends to be ‘happy-go-lucky’ and optimistic; but Australia’s citizens have far greater exposure to the bubble than is immediately obvious.

The Rest…HERE

This entry was posted on Wednesday, February 24th, 2016 at 12:24 pm and is filed under Economics, Government Evil, New World Order, World Politics. You can follow any responses to this entry through the RSS 2.0 feed.