The Property Crash is Coming: Ten signs we’re heading for ‘economic armageddon’

 

PHOTO: The Reserve Bank figures (for the year to April 30) show household debt has topped $250b, driven by rising property prices and an increase in consumer borrowing.

This week’s global share market bloodbath was “a small tremor before the big earthquake” as the world moves “ever closer to economic armageddon”, a former Australian government economist has warned.

John Adams, a former Coalition policy adviser who last year identified seven signs that the global economy was heading for a crash — later warning the window for action had closed — believes the US$4 trillion wipe-out was just the opening act of his apocalyptic prophecy playing out.

READ MORE VIA NZHERALD

Leave a Reply