Dear Reader, Right now, an elite group of economic professionals have an urgent warning for Australians. Anyone can see that the signs are all pointing towards trouble: The Australian housing market is overvalued by up to 50% in Sydney according to The Economist. Household debt is 190% of average incomes, a new record for Australians. The banks are struggling under the weight of the royal commission. They’ve lost the public’s trust and now we’re facing the possibility of a credit freeze. But it’s barely a tremble compared to what these experienced professionals believe is coming next. And they might just be the ONLY ones who can help. For one simple reason. Due to the nearly three decades of economic growth and seeming prosperity, many Aussies have been lulled into a false sense of security. So, if these experts are right, Australia just won’t be ready. They want to get in touch so that you have a chance of not only getting through the coming crisis with some dignity… But maybe even with the potential of making some money in the process. See their message here. Cheers, | Selva Freigedo, Editor, Markets & Money |
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