Here’s an interesting chart that shows ever rising house prices driven higher and higher by soaring private debt. The growing chorus of economics experssing concerns\about soaring house prices, staggering domestic debt levels and weak wage growth is starting to hit record levels. Even the IMF has stepped in. In its October financial stability report it warned that “in the short term, an increase in the household debt-to-GDP ratio was typically associated with higher economic growth and lower unemployment, but the effects are reversed in three to five years”.
Charts that are attractive