gdp: Did you know that Australian household debt compared to our GDP is sitting at 120 percent and is one of the highest in the world To watch Bricks and Slaughter' in full, and for more on 60 Minutes, head to the official website, according to Nine News Australia. That's what the latest data from the Bank for International Settlements BIS says and they should know, as they are the central bankers' banker. To improve your experience update it here News National60 Minutes Is Australia on the verge of another economic crisis By Martin North Principal, Digital Finance Analytics12 41pm Sep 17, this ain't sexy, but it could be the most important thing you read this year. Now you might well ask, why this is a problem After all, in the past decade, the banks have been lending freely, mostly to help households buy real estate to live in or as an investment. Related Articles60 Minutes Wife fears cloned dogs could be random pet shop purchases We're all to blame for looming housing market crash The murky moral dilemma of cloning dogs The bank regulators are saying the banking system is sound, and despite the growth in debt, there is really, nothing to see here move along . The bank regulators are saying the banking system is sound, and despite the growth in debt, there is really, Nothing to see here move along . 60 Minutes And anyone holding property, at least on paper, has done well much of our wealth is in real estate. Off that back of that they have been able to increase dividends to their shareholders and inflate their balance sheets.
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