Category Archives: Commonwealth Bank of Australia(Wholey Owned By The Bank of England/English Crown)

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

“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.”…

Graph 6: Housing Price Growth by City

Source: Australia Central Bank Warns “High Debt Levels Are Affecting Household Spending” | Zero Hedge

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