![The future is not really that grim!](data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAJYAAABkAQAAAABMIPRdAAAAAnRSTlMAAHaTzTgAAAAWSURBVHjaYxgFo2AUjIJRMApGwZAHAAfQAAEVAn+tAAAAAElFTkSuQmCC)
Are we really heading for GFC Mark II?
Well, not here in Australia anyway! And even overseas, things are vastly different this time around.
In 2008/09, it was private debt causing the problems … because nobody was too sure which banks were overly exposed to the sub-prime mortgage problem. [Read more…]