The bubble will burst in the next one to two years

  • He calls New Zealand ‘Schrodinger’s Zombie’.

The walking dead have already had a financial crisis, he says, and have been experiencing weak growth, while ‘zombie-to-be’ countries avoided the 2008/2009 crisis by borrowing their way through it.

Now they have a bigger debt burden to deal with when the next crisis hits, he says.

READ MORE VIA RADIONZ

Professor Steve Keen. Photo: supplied