I regularly peruse, and enjoy, the “All Men Are Liars” blog at the SMH on-line. Today’s post there is on a topic dear (in every sense of the word…) to this blog. I recommend checking it out–and engaging in the debate, if you have time (I’ve just posted a quick comment):
As part of the background to the LateLine interview yesterday, I graphed the US household debt to GDP ratio against the Australian. All the news recently has been about the sub-prime crisis in the States, of course: but guess where household debt has been growing fastest? That’s right, good old Australia has out-done itself once more. The accompanying graphic tells the story, which I’ll embellish in the next Debtwatch report in early April.
