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Excessive debt is danger says academic

Discussion in 'The Economy' started by Simon Hampel, 5th Aug, 2008.

  1. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    AM - Excessive debt is danger says academic

     
    Last edited: 17th Sep, 2016
  2. Insight

    Insight Brisbane Buyers Agent

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    Excessive analysis is dangerous says wealth creator.

    It's only ever been a matter of time before we have been involved in a serious downturn. How do we profit from this prof?
     
  3. Billv

    Billv Getting there

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    True, but there is already evidence of reduced retail spending.

    I know that the RBA wanted to slow down the economy and to make us stop borrowing but I think they've pulled the strings too much.

    Will this increase unemployment?
    It will but I am not holding my breath to see it in the statistics
    Retail sector employees will simply get fewer shifts and they won't be 100% unemployed so they won't be eligible to register as unemployed.

    The banking and construction sectors could also suffer a bit

    IMHO