Australia Central Bank Warns “High Debt Levels Are Affecting Household Spending”

Really??? Wow, those guys must have studied economics to come to such brilliant conclusions.


Australia Central Bank Warns “High Debt Levels Are Affecting Household Spending”:

“It is possible that continuing rises in indebtedness, partly as a result of low interest rates, increase the fragility of household balance sheets. If so, then at some point in the future, households having decided that they had borrowed too much, might cut back consumption sharply, hurting the overall economy.”

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Leave a Comment