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Radical Uncertainty - Mervyn King
The Joe Walker Podcast
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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