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

Wednesday, February 24, 2016
By Paul Martin

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.

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