Economist John Adams and Analyst Martin North examine “the kitchen sink” being thrown at the property market and consider the implications.
Adams/North: Federal Politicians Are In Negative Equity And Stressed!
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– The most worrying of (Federal) Politicians in “Negative Equity” is that these polititcians are now also (more) vulnerable to Corruption. And that’s NOT a good thing (to put it (very) mildly !!!!).
– On the other hand: I DO hope that this will push the polititcians into action. To do something to solve the debt problem, to finally find a (partially) solution for the people who are suffering (financially) and take action to avoid a financial crisis.