Radical Uncertainty - Mervyn King
The Joe Walker Podcast
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The Future of Debt Service in Australia
The debt levels we will see are causing problems in the next few years will vary from country to country. I think COVID-19 itself has not led to a significant rise in aggregate household debt though it's certainly led to a rising debt for the self-employed small businesses. There is a risk that over the next decade inflation and hence normal the interest rates will be much higher than we have got used to in the last sort of 15-20 years. If that were to come about then that would cause potential debt service problems for a much broader range of households.
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