Australian Housing Bubble - Moody's Bank Downgrade

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Over the weekend, I wrote the following article:

https://steemit.com/teamaustralia/@contemplate/australia-housing-market-bubble

As a follow up, here are some articles relating to this article:

https://www.bloomberg.com/news/articles/2017-06-19/australian-big-four-banks-ratings-cut-by-moody-s-on-housing-risk

http://www.smh.com.au/business/banking-and-finance/moodys-downgrades-australian-banks-credit-rating-20170619-gwuafj.html

http://www.theaustralian.com.au/business/news/moodys-downgrades-credit-ratings-of-australian-banks-citing-household-sector-risks/news-story/e4cd17d4aba37774c47a4b258367de41

A few thoughts/questions here:

  1. What lessons learned from the busting of the US housing bubble from '07/'08 would be helpful here?
  2. What role should the government play if there is a correction? Do they have a vested interest?
  3. If there is a bailout similar to the US, what would be the economic and social effects and repercussions?
  4. If there is not a bailout similar to the US, what would be the economic and social effects and repercussions?
  5. How do the different generations (Boomers, Gen-X, Millenials, etc.) view this differently?

Thoughts?

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