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"The biggest bubble in recent history is heading for the mother of all hard landings," writes...

"The biggest bubble in recent history is heading for the mother of all hard landings," writes SocGen's Albert Edwards, tagging onto his bearish partner-in-crime Dylan Grice's analysis of Australia. Channeling Minsky, Edwards notes the lack of volatility in Oz's economy (no recession since 1991) leads to an excessive build-up in debt and a "bigger crash down the road."
Comments (1)
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    I'd agree that the Australian situation is not good, but it's surely not the "biggest bubble in recent history"...not as long as Ben Bernanke's ego exists.
    3 May 2012, 07:44 AM Reply Like
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