The Next Major Banking and Credit Crisis is Almost Here
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The next major banking and credit crisis will soon make the headlines: European banks home loans to Eastern European home buyers. Those buyers will soon find that they cannot repay those loans. The value of those loans dwarfs the value of the US subprime loans.
The Current Account Deficit in Australia
The reasons for the current account deficit in the balance of payment in Australia, as well as the structure of trade in the Australian economy and the change in its structure in general.
