The great Australian problem

  • WHAT if Australia was being hunted down by a threat that nobody noticed?

That could be happening right now. A new leak of official information suggests Australia has barely paid attention to a problem that could bring the country to its knees.

A secret official report was leaked this week saying the debt held by Australian households before the GFC was so high there was likely to be a tidal wave of defaults. That could have seriously hurt Australian banks and maybe even caused a recession, according to analysts.



We’ve been so worried about government debt we’ve missed the problem staring us in the face.

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