Australia is a leveraged time bomb waiting to blow, says Albert Edwards, Societe Generale SA's London-based global strategist

Tom McKay

Australia is a leveraged time bomb waiting to blow, says Albert Edwards, Societe Generale SA's London-based global strategist. It is not just a CDO, but a CDO squared. All we have in Australia is, at its simplest, a credit bubble built upon a commodity boom dependent for its sustenance on an even greater credit bubble in China. Headline grabbing hyperbole? Read more: (VIEW LINK)


Tom McKay

I'm the Managing Director and Co-Founder of Livewire. I'm passionate about collecting and curating the markets most informed insights every day so that our members can discover new investment ideas. If you would like to get in touch - please use...

Expertise

Australia economy commodities

Comments

Please sign in to comment on this wire.