heheJohnnyDollar wrote...
Australian national debt to reach $1 TrillionJohnnyBeGood2 wrote...
tbh I like north americans and I'm aussie, and atm we are top of charts by way of economy.. so dear americans... fix your **** up?
http://www.perthnow....u-1225861529410
Australia has the highest dept to disposable income ratio in the world
http://www.dailyreck...rld/2010/02/03/
Australia projects net debt rise to 20.2% of GDP by 2050
http://www.foxbusine...debt-rise--gdp/
China buying up Australian debt, resources, a troubling prospect.
http://www.theepocht...ent/view/29132/
NO 3, NO 3, NO 3 Johnny!!... You do know how high US net debt is as a function of GDP don't you??? No doubt you won't have missed that in your web trawl hehe. Draw up a list and you will find that Australia has one of the lowest in the first world!!!! And you my dear friend are going to be digging yourself out of yours for much longer (like 5x longer, US net debt of annual GDP is approaching or over 100%!!!!)
And NO 4 is part of the reason why we are in such a good position!!!! They're buying ours and NOT BUYING YOURS!!!! the "troubling prospect" is based on "national security" and "sovereign ownership" benchmarks.... sensible.
NO 1 is a raw number... (look at US national debt for a truly massive trillion dollar number hehe)
And finally NO 2 - ah yes... do you know why? Yep our housing bubble has not yet exploded. And that is where we will fall if we do... Yep, the housing market here is ridiculously tight... land is not released to allow for a rapidly expanding population so we have a median house price of around $500,000 in Aus. And people are taking out mortgages on Salaries on averga eof $100,000 x2 (a couple) to service it.
And there is your debt to displosable income issue. $100K yearly income for 500K mortage (more like 7:1 tbh, but you get the point.) If that housing bubble breaks THEN we are in the ****.
But sorry Johnny... the DATA IS AGAINST YOU. Our economy is going best of the best in the first world.




Ce sujet est fermé
Retour en haut






