The Royal Bank of Australia (RBA) has been even more reckless & irresponsible than the Fed when it comes to fueling insane speculative property bubbles with Money Printer Go BRRRR. Now the chickens are coming home to roost as Housing Bubble 2.0 is getting ready to go the way of Humpty Dumpty. Once again, we’ll see a new Great Financial Crisis thanks to the Keynesian fraudsters at the central banks and their radical monetary experiments.
As more Aussie builders go bust, homebuyer advocates have warned against blaming their collapse on this one factor alone.
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