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Australia headed for recession next year, Professor Steve Keen says ... » Jul 29, 2016 ...Australia's credit binge will lead to a bust as soon as next year, with house prices to fall between 40 and 70 per cent and unemployment to rise sharply, ... Professor Keen, who was formerly an associate professor of economics at the University of Western Sydney and is now at Kingston University in London,... Abc.net.au

A financial crisis in China could also take down Australia - ABC ... » Jun 8, 2017 ...Australia managed to survive the global financial crisis with the help of a huge stimulus program from China. Chinese demand for Australian minerals prevented our economy from tanking. However, almost a decade later, doubts have arisen about the health of the Chinese economy. "The last couple of data... Abc.net.au

Apocalyptic warning for Australian families » Feb 18, 2017 ...AUSTRALIA is headed for an “economic Armageddon”, with record household debt, record foreign debt and a massive housing bubble creating a perfect storm that could “wipe out” ...“Australians should be concerned over the state of both the Australian and global economy,” Mr Adams told news.com.au. News.com.au

Economic apocalypse: Seven signs Australia can't avoid it » Jul 7, 2017 ...“Because of the failure of Australia's political elites and the policy establishment, the probability of a disorderly unwinding, particularly of Australia's household and foreign debt bubbles, have dramatically increased over the past six months and will continue to increase as global economic and financial... News.com.au

Interest-only loans: Borrowers in the dark about how much they are ... » Oct 7, 2017 ...Poor financial literacy in Australia was named by UBS as the culprit. The government's latest Financial System Inquiry, led by former banker David Murray, found companies were failing to improve consumers' understanding of products. Standard & Poor's has found 36 per cent of Australians are not... Theaustralian.com.au

Australian recession and house price collapse: Are we overdue for a ... » Jun 1, 2017 ...AUSTRALIA loves to tell a story about itself. That we have been very successful for a very long time - but that may be coming to an end. News.com.au

Australia's economy: The Murphy's Law forecast for 2017 - ABC ... » Jan 5, 2017 ...Australia's economy has benefitted from a tremendous amount of luck in posting a quarter of a century of unbroken growth. Through a combination of good management and fortuitous timing, and arguably more of the latter, Australia narrowly dodged the full effects of the Asian financial crisis, the dot-com... Abc.net.au

Australian economy news 2017: Recession, depression predicted » Nov 14, 2017 ...Australia's economy is built on shaky foundations ....A hard landing for China is a catastrophic landing for Australia, with horrific consequences to this country's delusions of economic grandeur. ....Many other parts of the world can thank the Global Financial Crisis for popping their real estate bubbles. News.com.au

Recession-busting Australia heading for the buffers » Jul 7, 2017 ...The economic reforms begun by Keating and prime minister Bob Hawke in the 1980s created the basis for an economy that has been growing since 1991. Those reforms included floating the currency, decentralised wage fixing, independence for the Reserve Bank (Australia's central bank) and dismantling... Irishtimes.com

Residential construction heading for 31pc three-year collapse - ABC ... » Aug 9, 2017 ...Residential construction is set for a 31 per cent collapse over the next three years , if the latest prediction of a leading economic forecaster proves correct. ... Australia's economy holds the world record for the longest recession-free run thanks, in large part, to a record home-building boom that offset the pain... Abc.net.au