Potential Big GFC Discussion Thread - Australian Ford Forums

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Potential Big GFC Discussion Thread

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12-08-2011, 05:27 PM

#11

Elks

FF.Com.Au Hardcore

Join Date: Dec 2006

Location: Melbourne

Posts: 4,523

Re: Potential Big GFC Discussion Thread

Quote:

Originally Posted by trippytaka

Low consumer confidence has been caused, IMO, by the fact that Australians are leveraged to the eyeballs with personal debt and have realise they need to pay it off. They see the rest of the world in trouble and think - "holy bjsus, we're really up to the eyeballs here. We better pay some of that down, just in case."

.....................................

There have been cracks already appearing. I think that the recent events have just amplified it, more than casued it.

Well said Trippy.

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