The Inconvenient Truth of Consumer Debt
Australian one-hundred dollar and fifty dollar banknotes are arranged for a photograph in Sydney, Australia. (Photographer: Brendon Thorne/Bloomberg)

The Inconvenient Truth of Consumer Debt

(Bloomberg View) -- Oh, but for the days the hawks had a hero in Sydney. Against the backdrop of a de facto currency war, the Reserve Bank of Australia stood as a steady pillar of strength. The RBA...
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