Australian recession

36

Australia’s debt crisis is already here

The last quarter has witnessed a fascinating and increasingly global debate about the sustainability of Australian debt. It began with the commodities bear market, was stoked by the Variant Perception report into dodgy mortgage broker practices, has been hosed down by dubious analysis from the CBA and a limited take by Lombard Street research. Now,

35

Lombard: No “big short” for Aussie houses until rates rise

From Lombard Street: Households have been borrowing more and saving less, suggesting their finances are increasingly vulnerable to shocks – not least in view of stretched property market conditions. This is a topic that was repeatedly raised during our recent visits to Australian clients. But a closer look suggests that consumers have been quite sensible