Everyone knows it to be true; if the household sector increases its borrowing, then the housing market will explode. The curious thing about this chart is some of the really leveraged countries we never hear about - like the Netherlands and Denmark.
What happened there, I wonder? Will they suddenly jump out of the wardrobe and say "Boo"?
2 comments:
It was all painfully predictable.
What's the correlation on that. Because just eyeballing it, it looks terrible.
The fact you can draw a line through it, doesn't make that line meaningful.
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