Oz Blog News Commentary

Aussie households choke on own vomit

August 3, 2020 - 00:10 -- Admin

Friday’s private sector credit data from the Reserve Bank of Australia (RBA) revealed that the stock of personal credit, which was already in terminal decline, collapsed by 10.5% in the year to June – the biggest plunge in recorded history: As shown above, this decline in personal credit growth easily exceeds the troughs of the

The post Aussie households choke on own vomit appeared first on MacroBusiness.

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