http://globaleconomicanalysis.blogspot.com/2011/08/secretly-broke-in-australia.html
The housing boom in Australia is now an escalating bust. Many Australian homeowners put every cent they had into their homes and they needed double incomes to just scrape by. Unfortunately, those jobs are disappearing in a construction and commercial real estate bust.
I warned about this event for years, but in Australia, like everywhere else "It's Different Here" until it's not.
60 Minutes Australia picked up the Secretly Broke story in "The Big Squeeze". Click on link for a 60 Minutes video. Here is a partial transcript.
The housing boom in Australia is now an escalating bust. Many Australian homeowners put every cent they had into their homes and they needed double incomes to just scrape by. Unfortunately, those jobs are disappearing in a construction and commercial real estate bust.
I warned about this event for years, but in Australia, like everywhere else "It's Different Here" until it's not.
60 Minutes Australia picked up the Secretly Broke story in "The Big Squeeze". Click on link for a 60 Minutes video. Here is a partial transcript.
No comments:
Post a Comment