The next interest rate rise will be three times harder than the 1990’s

March 21st, 2017

This alarming article puts an historical perspective on the risks of over gearing in today’s world where real incomes are falling,  underemployment is rife and now (if the latest figures are to be believed), unemployment is rising.

Those of us who were there and survived the ’90’s when market rates literally went up 5% overnight, will never forget it.

With 25 years of almost uninterrupted economic growth in the meantime, we only hope today’s recession free generation won’t have to learn the same hard way.

http://www.smh.com.au/business/the-economy/why-the-rbas-next-rate-rise-will-hit-three-times-as-hard-as-in-the-1990s-20170315-guz2h5.html