I promised you that I would update you on Australia in greater detail given my prediction that the Australian housing bubble would pop. Last week we carried two posts on the bubble (see here and here). It is clear that Australia will be caught up in the global growth slowdown and that the collapsed credit growth from the deflating housing bubble in Australia is a harbinger of reduced economic growth. I wrote last:
Question: how long will the government compensate with deficit spending? If...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.