The UBS/Credit Suisse Global Wealth Report has #AUStriches in second place for median wealth, only behind Luxembourg, and fifth in average wealth globally. This situation will not last.
Household debt to GDP is beyond where Ireland got to before their bubble burst (pic 2), and the propadee market is already valued beyond Japan’s peak (see below).
Do not invest more in Aussie real estate than you can afford to lose.
Study #Bitcoin nostr:note1spd22ma6rzvvnzgsfus6k5kzmzpcvd3fzu2xq2khhwysy0ezqe6spc2jft
I wouldn’t underestimate how far they can kick this can down the road
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True, but I also wouldn’t underestimate how fragile the system is either.
Australia’s fate is no longer in Australian hands.
Yeah, agree
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