Government aims for wrong target on debt – MacroBusiness<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Macrobusiness quotes LF Economics’ submission to the House of Representatives Budget Savings (Omnibus) Bill 2016: ….It is critical policymakers reign in exponentially-growing private sector debts as this consists of a major source of future financial instability. Australia\u2019s household debt to GDP ratio is the highest in the world, at 125% and rising. Ironically, by ignoring … <\/p>\n
Continue reading “Government aims for wrong target on debt | MacroBusiness”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,31,45],"tags":[],"class_list":["post-14239","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-the-fed-banks-interest-rates","category-debt-levels"],"yoast_head":"\nGovernment aims for wrong target on debt | MacroBusiness - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government aims for wrong target on debt | MacroBusiness - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Macrobusiness quotes LF Economics’ submission to the House of Representatives Budget Savings (Omnibus) Bill 2016: ….It is critical policymakers reign in exponentially-growing private sector debts as this consists of a major source of future financial instability. 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Movement between 2002 and 2016 for a number of Developed and Emerging Market (DM and EM) countries in the ratio of bank credit to GDP and bank debt to credit. The good guys are in the top left corner and the bad guys bottom\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14739,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/01\/30\/bis-high-household-debt-kills-growth-macrobusiness\/","url_meta":{"origin":14239,"position":1},"title":"BIS: High household debt kills growth | Macrobusiness","author":"ColinTwiggs","date":"January 30, 2017","format":false,"excerpt":"From Leith van Onselen, reproduced with kind permission from Macrobusiness: Last month I showed how Australia\u2019s ratio of household debt to GDP had hit 123% of GDP \u2013 the third highest in the world \u2013 according to data released by the Bank for International Settlements (BIS): Martin North also compiled\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ScreenHunter_16670 Dec. 13 07.13","src":"https:\/\/i0.wp.com\/www.macrobusiness.com.au\/wp-content\/uploads\/2016\/12\/ScreenHunter_16670-Dec.-13-07.13-240x660.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":13444,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/06\/08\/how-the-rba-killed-australian-wages-macrobusiness\/","url_meta":{"origin":14239,"position":2},"title":"How the RBA killed Australian wages | MacroBusiness","author":"ColinTwiggs","date":"June 8, 2016","format":false,"excerpt":"Good summary of Australia's predicament from David Llewellyn-Smith: .....A lot of this is to be expected in a post-mining boom environment. I mean, we seriously overdid it: This is why I obsess over lowering the dollar. It absorbs an huge amount of the deflationary pain in repairing one\u2019s competitiveness rather\u2026","rel":"","context":"In "Stock Markets"","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2429,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/28\/canberra-is-fighting-the-last-war-macrobusiness-com-au-macrobusiness-com-au\/","url_meta":{"origin":14239,"position":3},"title":"Canberra is fighting the last war – macrobusiness.com.au","author":"ColinTwiggs","date":"November 28, 2011","format":false,"excerpt":"As we know, the Western world has passed an historic moment when credit driven growth is no longer viable. We are in the early years of a decades long deleveraging. And, as we know from the sectoral balances of macroeconomics, an economy can only grow through the expansion of the\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11804,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/05\/12\/federal-budget-2015-worst-cumulative-deficits-in-60-years-chris-joye\/","url_meta":{"origin":14239,"position":4},"title":"Federal budget 2015: worst cumulative deficits in 60 years | Chris Joye","author":"ColinTwiggs","date":"May 12, 2015","format":false,"excerpt":"Chris Joye (AFR) on the budget deficit: There are two critical differences in 2015 that make Australia's current debt burden [42.2% of GDP] much more troubling than that serviced by previous generations. Back in the 1977 and 1983 recessions, the household debt-to-income ratio was only 34 per cent and 37\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"International Liabilities of Australian Banks","src":"https:\/\/i0.wp.com\/www.macrobusiness.com.au\/wp-content\/uploads\/2014\/06\/erteq-300x209.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2375,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/26\/the-scourge-of-government-debt-macrobusiness-com-au-macrobusiness-com-au\/","url_meta":{"origin":14239,"position":5},"title":"The scourge of government debt – macrobusiness.com.au","author":"ColinTwiggs","date":"November 26, 2011","format":false,"excerpt":"A report on a talk by Yanis Varoufakis, author of The Global Minotaur, gives some nice history of how we got here. The Minotaur is a marvelous metaphor for what governments have allowed to occur in the global financial system. Now they, and all of us, are being skewered by\u2026","rel":"","context":"In "The Big Picture"","block_context":{"text":"The Big Picture","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/the-big-picture\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/14239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=14239"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/14239\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=14239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=14239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=14239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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