2min chapter

The Joe Walker Podcast cover image

When The Sky Fell In - Kevin Rudd

The Joe Walker Podcast

CHAPTER

The Australian Debt Binge and the First Home Buyers Boost

On a number of metrics, Australia right now screams debt deflationary recession to me. We've got the second highest household debt-to-GDP ratio in the world after Switzerland. I wonder whether it would have been a hard decision not to implement the first home buyers boost. If we fell into recession, can Henry was forecasting unemployment of eight percent or more?

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