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)


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