- TSI Blog - http://tsi-blog.com -

Record-breaking household debt in Australia

Posted By Steven Saville On October 30, 2015 @ 10:13 am In Uncategorized | Comments Disabled

A recent Bloomberg article [1] notes that household leverage in Australia is now almost twice the developed-market average. Specifically, the article states that Australia’s household debt as a proportion of gross domestic product has risen to a record 134 percent, the highest among 36 developed- and emerging-market nations analysed by Barclays. This compares to a developed-market average of about 74 percent.

The article contains the following chart, which suggests that the easy-money policy of the country’s central bank is driving the housing-finance binge.

This is not going to end well.

[2] [3]

Article printed from TSI Blog: http://tsi-blog.com

Copyright © 2014 The Speculative Investor. All rights reserved.