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More: Brussels Says "No" to France Proposal for Deficit Target Leniency
WAtoday reports Australia’s house prices ‘flashing red’, debt to income ratio at record levels . Australian household debt has hit a record 177 per cent of annual disposable income while housing valuations are "flashing red", according to Barclay’s chief economist, Kieran Davies
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View post: Can a Fish Out of the Water Please Everyone at the Same Time?
Visit link: France Criticizes European Commission as "Totally Useless", Wants More Time on Budget Deficits
China Accelerates Bad Debt Writeoffs; Reflections on "Policies to Counter Economic Volatility" Financial stress related to Ponzi financing and other bad debts in China is readily visible in numerous places. One result is China’s Big Banks Double Bad-Loan Write-Offs . China’s biggest banks more than doubled the level of bad loans they wrote off last year, in a sign that financial strains are mounting as growth in the world’s second-largest economy slows.
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