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Oliver's Insights - The Credit Clock: will this recovery be different?

09 February 2011 - Many commentators are saying Australia is in an economic recovery phase.

But with burgeoning sovereign debt globally, and the recent IMF bailouts of Greece and Ireland, the assumption of risk free sovereign debt has been severely challenged. What does this mean for economic recovery this time around? 

 

David discusses these issues with reference to the theoretical credit clock.