Actually if everyone goes underwater and the bank goes under...
Actually if everyone goes underwater and the bank goes underwater... It's all of our problems as our economy will face some serious credit challenges and govt will either end up propping up the bank or the economy.
Our economic model is fragile to massive shocks and 60% house price drop would put a significant hole in bank balance sheets, let alone any homeowners ability to spend money (so good bye a chunk of general economic activity). $ANZ Group Holdings Ltd(ANZ.AU$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
