The great Auckland housing crash of 2017
Two indicators both agree that the Auckland property market has started trending downwards. Over leveraged buyers are going to get burned, and first time buyers are still shut out. Perfect.
crash
Tax the Rich An animated fairy tale
A short video produced by US unions “to support a fairer tax system”.
Oram – seven warning signs for the economy
Rod Oram’s Sunday Star-Times, reprinted on Facebook here, adds yet another voice to the chorous of economic warnings: “Our Road Runner economy is zooming towards the cliff-edge”…
Toil and Trouble.
In the hope of some informed comment…
Sovereign debt
The world’s economy has not truly recovered from the recession, it has just been artificially reanimated by vast injections of Government bailout money.
What happens when taxpayers get the bill? The people of Iceland just voted not to pay. This may be the first in a cascading series of failures of “sovereign debt”. If so, the next crash will make the recent recession look like child’s play.