Is Australia’s housing bubble bigger than the one in the US?
Money and Finance

Is Australia’s housing bubble bigger than the one in the US?


Steve Keen answers.

The Australian housing bubble is categorically larger than the USA’s, though in standard bubblology talk, the main reason that it is—that it was far more a pure speculation on prices than the American bubble—is touted as one of the reasons that “Australia is different” and a crash won’t happen here.

Before I elaborate on that point, here’s the data.

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Related previous posts:

Straight Talk with Steve Keen: It's All About the Debt

Steve Keen's Presentation at the AEA





- Paul Mason Interviews Steve Keen (audio)
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- The End Of Australia’s $2 Trillion Housing Party - By Philip Soos
Found via the Corner of Berkshire & Fairfax. Executive Summary A great deal of debate has occurred in Australia on the notion that the residential property market may be experiencing a bubble, set to burst in a similar fashion to that in the United...

- Steve Keen's Presentation At The Aea
Link to: Steve Keen's Presentation at the AEA .......... Related link: Two Recent Interviews with Steve Keen ...



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