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Australia’s economy: there’s a reckoning coming and it won’t be pretty – Crikey

There is a reckoning looming over Australia’s asset bubble and the consequent unfolding economic disaster, and it won’t be pretty….

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In 1999 almost everyone (other than the gullible or greedy) figured the bubble would burst at some point — but as Citibanks later disgraced CEO Chuck Prince would note (in relation to a different) bubble: “As long as the music is playing, youve got to get…

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