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

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