http://www.news.com.au/finance/real...bble-pop-in-2017/story-fndban6l-1227365483287
Thoughts?
AUSTRALIA is in the midst of the greatest credit-fuelled real estate bubble the country has ever seen. When it pops it?s going to devastate the economy, and quite possibly take the big banks with it.
That?s the warning from Lindsay David, founder of LF Economics, author of Australia: Boom to Bust, and resident doomsayer of the Australian economy. But is he right, or have we heard this all before?
Since publishing his book last year, Mr David has made a name for himself issuing dire warnings about the coming property market crash and railing against the government and particularly the finance, insurance and real estate industries.
Thoughts?