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Credit Code Red
By:Peter Brain,Ian Manning
Published on 2017-07-17 by Scribe Publications

Australia has been the lucky country for a long time. First it rode off the sheep’s back. Then it became a quarry for emerging economies. It deregulated its financial sector, abandoned manufacturing, rode an apparently endless urban-land boom, and has gone more than 25 years without a recession. But is Australia’s luck about to run out? Brain and Manning, two of the country’s highly experienced economic analysts, argue that Australia’s prosperity has been bought by borrowing from its future — specifically, by borrowing too much, for the wrong assets, and from the wrong lenders. Using international and local indicators to measure economic danger signs, they warn that, if current policies are not altered, the country will be at extreme risk of an economic calamity. Due to Australia’s high and increasing levels of household debt, foreign debt, and low foreign-exchange reserves, the country will enter what they call a Code Red zone. Once that happens, it is highly unlikely that Australia will be able to avoid, at best, a severe and prolonged recession, or, at worst, an economic catastrophe. Credit Code Red proposes alternative courses of action for the authorities to take, which involve reducing disposable incomes and imports, re-regulating the financial sector, and abandoning neo-liberal economic theory. It is a timely warning that what is politically unrealistic today may soon become too little, too late.

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Book ID of Credit Code Red's Books is 6gMnDwAAQBAJ, Book which was written byPeter Brain,Ian Manninghave ETAG "n2+U8K7qziM"

Book which was published by Scribe Publications since 2017-07-17 have ISBNs, ISBN 13 Code is 9781925548495 and ISBN 10 Code is 192554849X

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Book which have "224 Pages" is Printed at BOOK under CategoryBusiness and Economics

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