A common retort to the #rba aggressive interest rate hikes is that interest rates were far higher in 1989-90 when they peaked at 17% . While this claim is superficially true, it ignores the fact that #Australian households today hold roughly three times the debt loads of the average household in 1990. #realestate #housing #ponzy
https://www.macrobusiness.com.au/2023/03/so-you-think-interest-rates-were-bad-in-1990/