There’s no easy way to say this. Right now, the government’s economic policy is on a collision course with ballooning private debt and a meltdown is hurtling toward us as certain as night follows day.

To use a popular metaphor, as things stand, the frog is well and truly in the saucepan, the hotplate is on full, the water is getting uncomfortably warmer and the frog still hasn’t realised he is in deep trouble.

Read more at: The Australian Independent Media network