Saturday, May 29, 2010
CHART OF THE DAY: One Huge Housing Bubble That's About To Pop
Joe Weisenthal and Kamelia Angelova May 28, 2010, 12:58 PM 4,320 22
In addition to all the ructions going on in Europe, this was the week that the world started getting acquainted with the precarious situation in Australia -- a highly indebted country with full-on exposure to China.
Among the country's problems? A massive housing bubble that hasn't popped.
The chart above comes courtesy of Steve Keen's Debtwatch, and it's fairly self-explanatory
Read more: http://www.businessinsider.com/chart-of-the-day-house-price-indices-us-australia-2010-5?utm_source=Triggermail&utm_medium=email&utm_campaign=CS_COTD_052810#ixzz0pIL0