The three forces pushing Australia towards recession

With ballooning household debt, huge banks leveraged to the hilt and a gargantuan Chinese housing bubble on our doorstep, complacent policymakers are letting Australia drift into dangerous waters.

Rampant speculation in the Australian and Chinese property sectors leaves our banking and mining sectors vulnerable to collapse within the next three years. Toxic lending and short-sighted policy have left us poorly placed to handle an economic shock, particularly if it originates in China.

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