Australia's second largest debt level
Posted: Sat Oct 19, 2019 11:02 am
In debt and in drought ... https://www.abc.net.au/news/2019-10-18/ ... s/11608016
With car sales plummeting ... https://www.abc.net.au/news/2019-03-06/ ... n/10875580
And economic growth at GFC levels .... https://www.abc.net.au/news/2019-10-05/ ... h/11574220
Australia's banks and their shareholders won. They got (and are still getting) the country's money through massive mortgage interest payments stemming from ridiculous house prices created by the so-called "housing boom", which was engineered by poor government policy.
With car sales plummeting ... https://www.abc.net.au/news/2019-03-06/ ... n/10875580
And economic growth at GFC levels .... https://www.abc.net.au/news/2019-10-05/ ... h/11574220
Australia's banks and their shareholders won. They got (and are still getting) the country's money through massive mortgage interest payments stemming from ridiculous house prices created by the so-called "housing boom", which was engineered by poor government policy.