Economic Bust in Australia:Near-Record Corporate Bankruptcies, Employment Drops Unexpectedly; Rise in Bad Home Loans;Record Low Property Transactions

"Those looking for bad news can find plenty of it in Australia, which in my opinion is soon headed for recession and rate cuts.

Near-Record Corporate Bankruptcies

Please consider Rising rents, cautious consumers behind rise in insolvencies

The number of companies entering insolvency in March reached a near-record high of just under 1,500, according to the corporate regulator, with cautious consumers and rising rents believed to be behind the worrying result..."

at  http://globaleconomicanalysis.blogspot.com/2011/05/economic-bust-in-australianear-record.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29