Australia could be the “first domino to fall” in a global economic crisis for the first time in its 200-year history.
That’s according to economist John Adams, Digital Finance Analytics founder Martin North and Irish financial adviser Eddie Hobbs, who argue Australia’s economy is looking increasingly similar to Ireland’s prior to the 2007 housing collapse.
For nearly three years, Mr Adams has been predicting a looming “economic Armageddon” in which a vulnerable Australia is overwhelmed by an overseas financial crisis due to property, household debt and net foreign debt bubbles.
By Frank Chung
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