by Summary:
Australian banks claim that the reason the US had a housing crisis was because American lenders were irresponsible, while Australian banks were much more responsible in who they lent to. If that’s so, why has Australian mortgage debt risen from half the US level (compared to GDP) in 1990 to more than 10% higher now?
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Steve Keen considers the following as important:
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Australian banks claim that the reason the US had a housing crisis was because American lenders were irresponsible, while Australian banks were much more responsible in who they lent to. If that’s so, why has Australian mortgage debt risen from half the US level (compared to GDP) in 1990 to more than 10% higher now?
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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