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Can Australia's Housing Bust Morph Into A Financial Crisis?
As the housing bust in Australia progresses in its methodical manner, will it trigger a mortgage crisis that hits the big four banks, and the remainder of Australia's financial system to the point where there's a banking panic and a financial crisis in Australia? And what will this do to the global financial system? (12 minutes)
Editor’s Note: The summary bullets for this article were chosen by Seeking Alpha