Will Our Growing Debt Cause the Market to Crash?
Should investors be concerned about Australia’s economy and the growing debt crisis? And will Australia’s debt bubble lead to higher or lower prices on the stock market?
The government continues to spend at unprecedented levels in response to the COVID-19 pandemic to prevent Australia’s economy falling from a recession in 2020 into a depression. With public debt rising and private debt already considered high compared to global data per capita, is Australia facing a major challenge to repay this money.
In tonight’s show, Dale and Janine reveal how Australia’s debt bubble is likely to affect your favourite stocks in the years ahead.