2min chapter

The Joe Walker Podcast cover image

The Modern Empiricist Proving Old Wisdom On Household Debt And Recession - Amir Sufi

The Joe Walker Podcast

CHAPTER

The Australian Housing Bubble and the Debate Around It

Australia is one of the most extreme economies in terms of high household debt and house price levels. The United States has really on a completely different trajectory now because the Great Recession was so severe. Australia, I think there's reasons for this, but we can get into those later. But in a long run secular view, Australia looks similar to a lot of advanced countries," he says.

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