Nation of Debt: Ready, set, crash – could New Zealand be next to fall?

  • New Zealand has half a trillion dollars in debt. If anything can bring it all down it is housing. Liam Dann talks bubbles and booms with those who know what a crash looks like.

“We’ve almost got the perfect storm,” says veteran fund manager Brian Gaynor as he reels off the many reasons New Zealand house prices and debt levels are soaring to precipitous heights.

READ MORE VIA NZHERALD

Crash

The danger of debt.