[1]Will Steve Keen be proven 'early' and correct? We suspect so; and the following infographic from DebtConsolidation.com.au [6] provides some more compelling evidence of the growth of the Aussie housing bubble and its geographical diversity (and should you consider a trade on the back of this - Australian bank CDS are trading near 12-month tights).
[6]
Source: DebtConsolidation.com.au [7]
...and for those thinking of a trade... Aussie Bank CDS (average)...
[8]
Chart: Bloomberg
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/11874
[3] http://www.zerohedge.com/taxonomy_vtn/term/9837
[4] http://www.zerohedge.com/taxonomy_vtn/term/142
[5] http://www.zerohedge.com/taxonomy_vtn/term/11567
[6] http://www.debtconsolidation.com.au/state-of-the-australian-property-market
[7] http://www.debtconsolidation.com.au
[8] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/08-2/20120828_ausbankcds.png