Debt to Equity for AUS & USA

  • Upload
    bharat

  • View
    215

  • Download
    0

Embed Size (px)

Citation preview

  • 8/6/2019 Debt to Equity for AUS & USA

    1/63

  • 8/6/2019 Debt to Equity for AUS & USA

    2/63

    Actual and predicted Debt to GDP Ratios

    Date Debt to GDP Ratio Growth at 4.16% p.a.

    2007.5 156.2 148.2

    2006.5 146.9 142.2

    2005.5 138.2 136.4

    2004.5 129.6 130.8

    2003.5 123.6 125.52002.5 118.1 120.4

    2001.5 112.1 115.5

    2000.5 108.1 110.8

    1999.5 102.8 106.3

    1998.5 97.4 102.0

    1997.5 91.9 97.8

    1996.5 88.3 93.8

    1995.5 83.4 90.0

    1994.5 80.7 86.3

    1993.5 79.4 82.8

    1992.5 82.0 79.4

    1991.5 84.8 76.21990.5 84.9 73.1

    1989.5 83.2 70.1

    1988.5 77.8 67.3

    1987.5 71.3 64.5

    1986.5 65.9 61.9

    1985.5 59.8 59.4

    1984.5 55.0 57.0

    1983.5 54.6 54.6

    1982.5 52.1 52.4

    1981.5 51.0 50.3

    1980.5 48.8 48.2

    1979.5 47.2 46.31978.5 45.9 44.4

    1977.5 43.4 42.6

    1976.5 42.2 40.8

    1975.5 42.1 39.2

    1974.5 45.0 37.6

    1973.5 43.6 36.0

    1972.5 36.3 34.6

    1971.5 33.5 33.2

    1970.5 32.3 31.8

    1969.5 30.9 30.5

    1968.5 30.1 29.3

    1967.5 28.2 28.11966.5 27.4 26.9

    1965.5 25.8 25.8

    1964.5 24.7 24.8

    Return to Index

  • 8/6/2019 Debt to Equity for AUS & USA

    3/63

  • 8/6/2019 Debt to Equity for AUS & USA

    4/63

    Interest rates & debt burden

    Date Interest payments % GDP "Weighted Average Interest Rate Reserve Interest Rate

    2007.5 14.98 9.59 6.25

    2006.5 13.28 9.04 5.75

    2005.5 12.18 8.81 5.50

    2004.5 11.11 8.57 5.25

    2003.5 10.08 8.16 4.752002.5 9.71 8.22 4.75

    2001.5 9.54 8.51 5.00

    2000.5 10.15 9.39 6.00

    1999.5 8.39 8.16 4.75

    1998.5 8.04 8.25 5.00

    1997.5 8.28 9.00 5.50

    1996.5 9.72 11.00 7.50

    1995.5 9.41 11.28 7.50

    1994.5 7.66 9.50 4.75

    1993.5 8.34 10.50 5.25

    1992.5 9.63 11.74 6.50

    1991.5 12.60 14.86 10.501990.5 15.70 18.48 15.00

    Return to Index

  • 8/6/2019 Debt to Equity for AUS & USA

    5/63

  • 8/6/2019 Debt to Equity for AUS & USA

    6/63

  • 8/6/2019 Debt to Equity for AUS & USA

    7/63

    Aggregate

    Net Net

    -1,292,960.00 3,224,029.35

    -1,048,576.00 3,045,086.08

    -859,348.00 2,840,665.16

    -721,505.00 2,772,778.00

    -617,843.00 2,318,410.19-615,004.00 2,159,700.49

    -630,899.00 1,807,249.78

    -592,370.00 1,705,742.53

    -534,148.00 1,563,095.25

    -464,086.00 1,433,110.34

    -441,707.00 1,303,546.96

    -415,747.00 1,193,770.30

    -363,183.00 1,193,449.94

    -381,792.00 1,124,807.12

    -322,587.00 1,053,748.86

    -298,260.00 1,006,466.37

    -280,742.00 964,779.61-254,977.00 937,416.53

    -226,677.00 863,776.07

  • 8/6/2019 Debt to Equity for AUS & USA

    8/63

    ing for Housing Break % Investor/Total Owner Occupiers

    Date GDP % Construction % Existing % Refinancing %

    2007.25 23.51 30.10 7.40 92.60 25.89

    2006.25 23.01 30.88 7.67 92.33 27.13

    2005.25 22.54 31.68 8.08 91.92 28.06

    2004.25 24.80 37.40 9.33 90.67 28.36

    2003.25 21.34 37.74 9.19 90.81 25.262002.25 19.12 33.91 10.33 89.67 19.74

    2001.25 14.54 29.81 9.10 90.90 20.65

    2000.25 16.70 31.70 13.12 86.88 16.96

    1999.25 13.64 28.39 15.33 84.67 15.60

    1998.25 13.85 32.00 15.18 84.82 16.67

    1997.25 12.13 30.61 12.89 87.11 19.75

    1996.25 11.22 25.04 13.70 86.30 19.65

    1995.25 12.41 25.34 17.04 82.96 14.36

    1994.25 12.38 20.79 16.62 83.38 13.18

    1993.25 9.67 18.86 17.77 82.23 13.67

    1992.25 7.61 15.25 17.70 82.30 8.38

    Return to Index

  • 8/6/2019 Debt to Equity for AUS & USA

    9/63

  • 8/6/2019 Debt to Equity for AUS & USA

    10/63

  • 8/6/2019 Debt to Equity for AUS & USA

    11/63

  • 8/6/2019 Debt to Equity for AUS & USA

    12/63

  • 8/6/2019 Debt to Equity for AUS & USA

    13/63

    Population and Housing

    Date Population Growth Housing Starts Ratio

    2007 293,100 113,914 0.39

    2006 293,700 116,499 0.40

    2005 243,500 127,413 0.52

    2004 244,900 125,935 0.51

    2003 240,600 130,624 0.542002 263,600 101,070 0.38

    2001 234,300 112,064 0.48

    2000 224,000 116,722 0.52

    1999 205,200 113,578 0.55

    1998 188,800 103,321 0.55

    1997 224,200 91,078 0.41

    1996 244,600 107,052 0.44

    1995 191,500 140,165 0.73

    1994 178,700 128,593 0.72

    1993 194,300 114,149 0.59

    1992 217,200 94,933 0.44

    1991 233,100 97,500 0.421990 249,600 122,304 0.49

    1989 292,500 120,497 0.41

    1988 255,800 89,353 0.35

    1987 238,200 93,603 0.39

    1986 223,300 113,174 0.51

    1985 193,800 112,852 0.58

    1984 194,600 87,807 0.45

    1983 234,800 85,171 0.36

    Return to Index

  • 8/6/2019 Debt to Equity for AUS & USA

    14/63

    & GDP Break Nominal $ million Ratio to GDP

    Date GDP Mortgage Personal Business Mortgage Personal

    2007.25 $1,024,656 $841,004 $137,224 $584,193 82.1 13.4

    2006.25 $950,843 $743,273 $120,836 $501,416 78.2 12.7

    2005.25 $880,154 $659,044 $109,624 $426,794 74.9 12.5

    2004.25 $825,120 $570,104 $98,344 $383,888 69.1 11.9

    2003.25 $771,060 $469,193 $89,989 $379,791 60.9 11.72002.25 $723,315 $402,318 $78,363 $348,370 55.6 10.8

    2001.25 $679,506 $339,972 $72,645 $342,524 50.0 10.7

    2000.25 $633,391 $293,118 $71,993 $310,764 46.3 11.4

    1999.25 $600,849 $249,313 $67,099 $293,486 41.5 11.2

    1998.25 $570,417 $221,073 $57,040 $269,369 38.8 10.0

    1997.25 $538,115 $195,997 $51,556 $240,872 36.4 9.6

    1996.25 $510,044 $176,464 $46,020 $224,313 34.6 9.0

    1995.25 $480,346 $157,386 $43,152 $195,006 32.8 9.0

    1994.25 $453,526 $132,050 $41,155 $188,570 29.1 9.1

    1993.25 $431,867 $110,176 $40,508 $194,018 25.5 9.4

    1992.25 $413,707 $94,720 $40,776 $206,455 22.9 9.9

    1991.25 $408,815 $85,137 $42,476 $219,319 20.8 10.41990.25 $390,848 $76,868 $42,651 $208,766 19.7 10.9

    1989.25 $350,499 $61,720 $42,485 $181,489 17.6 12.1

    1988.25 $309,881 $49,822 $23,494 $161,082 16.1 7.6

    1987.25 $271,735 $43,340 $22,941 $123,544 15.9 8.4

    1986.25 $250,758 $39,309 $22,830 $97,516 15.7 9.1

    1985.25 $225,018 $33,952 $19,514 $76,554 15.1 8.7

    1984.25 $202,200 $29,211 $16,322 $63,615 14.4 8.1

    1983.25 $183,896 $26,316 $13,838 $59,035 14.3 7.5

    1982.25 $166,793 $24,453 $12,011 $49,776 14.7 7.2

    1981.25 $144,778 $22,293 $9,792 $40,146 15.4 6.8

    1980.25 $128,174 $18,974 $8,398 $34,122 14.8 6.6

    1979.25 $113,087 $16,530 $7,429 $28,050 14.6 6.61978.25 $100,811 $14,236 $6,317 $24,756 14.1 6.3

    1977.25 $91,441 $12,058 $5,274 $21,315 13.2 5.8

    Return to Index

  • 8/6/2019 Debt to Equity for AUS & USA

    15/63

    Business

    57.0

    52.7

    48.5

    46.5

    49.348.2

    50.4

    49.1

    48.8

    47.2

    44.8

    44.0

    40.6

    41.6

    44.9

    49.9

    53.653.4

    51.8

    52.0

    45.5

    38.9

    34.0

    31.5

    32.1

    29.8

    27.7

    26.6

    24.824.6

    23.3

  • 8/6/2019 Debt to Equity for AUS & USA

    16/63

  • 8/6/2019 Debt to Equity for AUS & USA

    17/63

    Ratio to Household Disposable Income and Growth Trends

    Date Actual Ratio Growth Trend to 1990 Growth Trend from 1990

    2007.5 136.4 41.7 143.3

    2006.5 129.4 40.6 130.1

    2005.5 121.1 39.4 118.2

    2004.5 112.4 38.3 107.4

    2003.5 99.5 37.3 97.52002.5 85.8 36.2 88.5

    2001.5 77.2 35.2 80.4

    2000.5 72.3 34.2 73.0

    1999.5 64.8 33.3 66.3

    1998.5 60.2 32.3 60.2

    1997.5 54.8 31.4 54.7

    1996.5 50.8 30.6 49.7

    1995.5 48.1 29.7 45.1

    1994.5 44.0 28.9 41.0

    1993.5 38.0 28.1 37.2

    1992.5 33.8 27.3 33.8

    1991.5 31.1 26.5 30.71990.5 29.2 25.8 27.9

    Return to Index

  • 8/6/2019 Debt to Equity for AUS & USA

    18/63

    rds and Mone $ million Ratio to Disposable Income

    Date Limits Balances Limits Balances

    2007.5 $108,494 $40,756 16.9 6.4

    2006.5 $98,210 $36,597 16.4 6.1

    2005.5 $86,632 $31,370 15.4 5.6

    2004.5 $76,854 $27,747 14.5 5.2

    2003.5 $67,323 $24,277 13.6 4.92002.5 $58,415 $21,424 12.1 4.4

    2001.5 $47,581 $16,481 10.4 3.6

    2000.5 $38,667 $13,880 9.2 3.3

    1999.5 $32,234 $10,995 8.1 2.8

    1998.5 $27,676 $9,291 7.3 2.4

    1997.5 $23,942 $7,801 6.5 2.1

    1996.5 $21,297 $6,909 6.0 1.9

    1995.5 $18,581 $5,789 5.6 1.7

    Return to Index

  • 8/6/2019 Debt to Equity for AUS & USA

    19/63

  • 8/6/2019 Debt to Equity for AUS & USA

    20/63

    s, Debts & Deb Interest Rates Debt $ million

    Date Mortgage Credit cards Large Business Mortgage Personal Business

    2007.5 8.05% 17.70% 9.85% $873,819 $146,795 $615,544

    2006.5 7.55% 17.00% 9.35% $774,920 $124,834 $521,020

    2005.5 7.30% 16.75% 9.10% $681,982 $113,325 $444,001

    2004.5 7.05% 16.45% 8.85% $594,418 $100,981 $396,117

    2003.5 6.55% 16.00% 8.35% $492,604 $91,544 $380,8332002.5 6.55% 16.00% 8.35% $413,478 $83,070 $372,172

    2001.5 6.80% 16.00% 8.65% $353,329 $74,057 $345,687

    2000.5 7.80% 16.25% 9.30% $304,750 $74,706 $318,532

    1999.5 6.50% 15.30% 7.95% $258,026 $68,732 $298,301

    1998.5 6.70% 15.30% 8.05% $229,828 $58,341 $273,835

    1997.5 7.20% 16.00% 9.00% $202,706 $52,293 $246,659

    1996.5 9.75% 16.70% 10.80% $181,199 $47,895 $228,697

    1995.5 10.50% 16.70% 10.70% $161,147 $44,640 $199,787

    1994.5 8.75% 14.35% 9.00% $139,449 $41,321 $190,171

    1993.5 9.50% 18.10% 9.50% $114,957 $40,416 $192,425

    1992.5 10.50% 21.00% 10.50% $97,592 $40,506 $204,017

    1991.5 13.00% 21.80% 14.25% $87,233 $42,309 $217,0181990.5 16.50% 21.90% 18.50% $78,422 $44,602 $215,043

    1989.5 17.00% 21.20% 19.75% $64,877 $44,812 $191,798

    1988.5 13.50% 21.00% 15.00% $52,040 $23,560 $173,116

    1987.5 15.50% 21.00% 16.25% $45,182 $22,990 $131,400

    1986.5 15.50% 20.00% 17.00% $40,066 $22,106 $106,199

    1985.5 12.00% 19.50% 17.75% $35,445 $20,675 $81,987

    1984.5 11.50% 18.00% 14.60% $30,230 $17,164 $67,997

    1983.5 12.50% 18.00% 16.00% $26,941 $14,438 $60,130

    1982.5 13.50% 18.00% 17.50% $25,058 $12,536 $52,392

    1981.5 11.50% 18.00% 15.00% $23,044 $10,470 $42,975

    1980.5 9.88% 18.00% 12.50% $20,088 $8,728 $35,637

    1979.5 9.13% 18.00% 11.00% $17,199 $7,734 $30,118Return to Index

  • 8/6/2019 Debt to Equity for AUS & USA

    21/63

    Rate

    Weighted Average

    9.59%

    9.04%

    8.81%

    8.57%

    8.16%8.22%

    8.51%

    9.39%

    8.16%

    8.25%

    9.00%

    11.00%

    11.28%

    9.50%

    10.50%

    11.74%

    14.86%18.48%

    19.37%

    15.25%

    16.63%

    17.04%

    16.54%

    14.29%

    15.36%

    16.46%

    14.36%

    12.43%

    11.40%

  • 8/6/2019 Debt to Equity for AUS & USA

    22/63

    payments Ratios to Ratio to GDP to HDI to HDI to GOS

    Date All Debt Mortgage Personal Business

    2007.5 15.0 11.0 4.1 14.5

    2006.5 13.3 9.8 3.5 12.8

    2005.5 12.2 8.8 3.4 11.5

    2004.5 11.1 7.9 3.1 10.7

    2003.5 10.1 6.5 3.0 10.62002.5 9.7 5.6 2.8 11.0

    2001.5 9.5 5.3 2.6 11.7

    2000.5 10.1 5.6 2.9 12.2

    1999.5 8.4 4.2 2.6 10.5

    1998.5 8.0 4.0 2.3 10.1

    1997.5 8.3 3.9 2.3 11.0

    1996.5 9.7 4.9 2.2 12.7

    1995.5 9.4 5.1 2.2 11.5

    1994.5 7.7 3.9 1.9 9.6

    1993.5 8.3 3.6 2.4 10.9

    1992.5 9.6 3.5 2.9 13.8

    1991.5 12.6 4.0 3.3 20.51990.5 15.7 4.8 3.6 26.2

    1989.5 16.1 4.6 4.0 26.7

    1988.5 11.9 3.3 2.3 21.2

    1987.5 11.9 3.6 2.5 20.5

    1986.5 11.2 3.5 2.5 19.4

    1985.5 9.9 2.6 2.5 17.3

    1984.5 7.9 2.3 2.0 13.0

    1983.5 8.4 2.5 1.9 15.8

    1982.5 8.6 2.8 1.8 15.5

    1981.5 7.3 2.5 1.8 12.0

    1980.5 6.1 2.1 1.7 9.2

    1979.5 5.4 1.8 1.6 7.9Return to Index

  • 8/6/2019 Debt to Equity for AUS & USA

    23/63

  • 8/6/2019 Debt to Equity for AUS & USA

    24/63

  • 8/6/2019 Debt to Equity for AUS & USA

    25/63

  • 8/6/2019 Debt to Equity for AUS & USA

    26/63

  • 8/6/2019 Debt to Equity for AUS & USA

    27/63

    % GDP

    3.9

    3.7

    3.6

    3.6

    3.33.2

    2.7

    2.3

    2.0

    2.2

    1.9

    1.9

    2.1

    2.4

    2.0

    1.6

    1.40.9

    1.5

    1.2

    0.6

    0.3

    0.7

    1.2

    1.2

    0.7

    0.7

    0.9

    1.21.3

    1.3

    1.0

    1.2

    1.1

    1.3

    1.2

    1.3

    1.2

    1.0

    1.1

    1.11.0

    0.9

    0.9

    0.8

    0.8

    0.9

  • 8/6/2019 Debt to Equity for AUS & USA

    28/63

    Money Multiplier Example

    Week Deposit Loan Cash retained Sum Deposits Sum Loans Sum Cash

    0 100.0 0.0 0.0 100.0 0.0 0.0

    1 66.7 66.7 33.3 166.7 66.7 33.3

    2 44.4 44.4 22.2 211.1 111.1 55.6

    3 29.6 29.6 14.8 240.7 140.7 70.4

    4 19.8 19.8 9.9 260.5 160.5 80.25 13.2 13.2 6.6 273.7 173.7 86.8

    6 8.8 8.8 4.4 282.4 182.4 91.2

    7 5.9 5.9 2.9 288.3 188.3 94.1

    8 3.9 3.9 2.0 292.2 192.2 96.1

    9 2.6 2.6 1.3 294.8 194.8 97.4

    10 1.7 1.7 0.9 296.5 196.5 98.3

    11 1.2 1.2 0.6 297.7 197.7 98.8

    12 0.8 0.8 0.4 298.5 198.5 99.2

    13 0.5 0.5 0.3 299.0 199.0 99.5

    14 0.3 0.3 0.2 299.3 199.3 99.7

    15 0.2 0.2 0.1 299.5 199.5 99.8

    16 0.2 0.2 0.1 299.7 199.7 99.817 0.1 0.1 0.1 299.8 199.8 99.9

    18 0.1 0.1 0.0 299.9 199.9 99.9

    19 0.0 0.0 0.0 299.9 199.9 100.0

    20 0.0 0.0 0.0 299.9 199.9 100.0

    After 20 weeks 299.9 199.9 100.0 299.9 199.9 100.0

    Return to Index

  • 8/6/2019 Debt to Equity for AUS & USA

    29/63

    Bank holdings

    0.0

    100.0

    166.7

    211.1

    240.7260.5

    273.7

    282.4

    288.3

    292.2

    294.8

    296.5

    297.7

    298.5

    299.0

    299.3

    299.5299.7

    299.8

    299.9

    299.9

    299.9

  • 8/6/2019 Debt to Equity for AUS & USA

    30/63

  • 8/6/2019 Debt to Equity for AUS & USA

    31/63

  • 8/6/2019 Debt to Equity for AUS & USA

    32/63

  • 8/6/2019 Debt to Equity for AUS & USA

    33/63

  • 8/6/2019 Debt to Equity for AUS & USA

    34/63

    edit Card Money-Making Potent $m Percent of

    Date Limits Balances Gap Broad Money GDP

    2007.25 106,516 39,426 67,090 7.3 6.5

    2006.25 95,205 34,778 60,427 7.4 6.4

    2005.25 84,075 30,286 53,789 7.2 6.1

    2004.25 74,044 26,740 47,305 7.0 5.7

    2003.25 64,942 23,484 41,458 6.6 5.42002.25 56,508 20,741 35,767 6.0 4.9

    2001.25 45,573 15,891 29,682 5.2 4.4

    2000.25 36,814 12,941 23,873 4.5 3.8

    1999.25 30,626 10,411 20,215 4.0 3.4

    1998.25 26,656 8,904 17,752 3.8 3.1

    1997.25 23,266 7,639 15,628 3.6 2.9

    1996.25 20,652 6,649 14,003 3.5 2.7

    1995.25 18,109 5,570 12,538 3.4 2.6

    1994.25 17,115 5,045 12,070 3.5 2.7

    1993.25 17,247 4,617 12,630 3.8 2.9

    1992.25 16,270 4,377 11,892 3.7 2.9

    1991.25 15,513 4,199 11,314 3.5 2.81990.25 14,754 4,045 10,709 3.4 2.7

    1989.25 13,507 3,797 9,710 3.3 2.8

    1988.25 12,186 3,618 8,568 3.5 2.8

    1987.25 10,697 3,374 7,323 3.5 2.7

    1986.25 9,375 2,891 6,484 3.5 2.6

    1985.25 7,842 2,499 5,343 3.4 2.4

    Return to Index

  • 8/6/2019 Debt to Equity for AUS & USA

    35/63

    sehold Assets by T $ million

    Date Durables Dwellings Shares All financial Total

    2007.25 236,403 3,166,546 430,161 2,210,066 5,613,015

    2006.25 228,981 2,885,613 379,051 1,958,272 5,072,865

    2005.25 219,021 2,692,444 310,903 1,659,213 4,570,677

    2004.25 209,920 2,589,537 256,162 1,463,475 4,262,932

    2003.25 202,478 2,104,795 218,156 1,282,403 3,589,6752002.25 195,192 1,863,742 255,921 1,288,927 3,347,861

    2001.25 183,840 1,599,619 219,614 1,155,403 2,938,862

    2000.25 171,987 1,477,870 207,078 1,100,302 2,750,159

    1999.25 162,346 1,314,809 204,133 1,018,619 2,495,774

    1998.25 157,225 1,201,154 149,498 902,126 2,260,505

    1997.25 151,306 1,086,860 121,289 825,777 2,063,943

    1996.25 148,611 1,003,845 97,373 746,287 1,898,742

    1995.25 143,625 990,867 92,364 678,602 1,813,094

    1994.25 136,382 926,528 108,231 670,420 1,733,329

    1993.25 129,511 854,018 74,543 597,006 1,580,535

    1992.25 124,582 822,573 65,104 556,087 1,503,242

    1991.25 121,298 797,572 57,942 517,515 1,436,3851990.25 117,667 760,063 58,695 497,518 1,375,248

    1989.25 111,175 695,042 66,989 442,067 1,248,284

    Return to Index

  • 8/6/2019 Debt to Equity for AUS & USA

    36/63

    Assets by Type P Percent of total

    Date Durables Dwellings Shares All financial

    2007.25 4.2 56.4 7.7 39.4

    2006.25 4.5 56.9 7.5 38.6

    2005.25 4.8 58.9 6.8 36.3

    2004.25 4.9 60.7 6.0 34.3

    2003.25 5.6 58.6 6.1 35.72002.25 5.8 55.7 7.6 38.5

    2001.25 6.3 54.4 7.5 39.3

    2000.25 6.3 53.7 7.5 40.0

    1999.25 6.5 52.7 8.2 40.8

    1998.25 7.0 53.1 6.6 39.9

    1997.25 7.3 52.7 5.9 40.0

    1996.25 7.8 52.9 5.1 39.3

    1995.25 7.9 54.7 5.1 37.4

    1994.25 7.9 53.5 6.2 38.7

    1993.25 8.2 54.0 4.7 37.8

    1992.25 8.3 54.7 4.3 37.0

    1991.25 8.4 55.5 4.0 36.01990.25 8.6 55.3 4.3 36.2

    1989.25 8.9 55.7 5.4 35.4

    Return to Index

  • 8/6/2019 Debt to Equity for AUS & USA

    37/63

    hold Assets Chang Annual Percentage Change

    Date Durables Dwellings Shares All financial

    2007.25 -6.7 -0.8 2.6 2.0

    2006.25 -5.8 -3.4 9.8 6.3

    2005.25 -2.7 -3.0 13.2 5.7

    2004.25 -12.7 3.6 -1.1 -3.9

    2003.25 -3.3 5.3 -20.5 -7.22002.25 -6.8 2.3 2.3 -2.1

    2001.25 0.0 1.3 -0.8 -1.7

    2000.25 -3.9 2.0 -7.9 -2.0

    1999.25 -6.5 -0.9 23.7 2.3

    1998.25 -5.1 0.9 12.5 -0.3

    1997.25 -6.3 -0.4 14.6 1.8

    1996.25 -1.2 -3.3 0.7 5.0

    1995.25 0.7 2.2 -18.4 -3.2

    1994.25 -4.0 -1.1 32.4 2.4

    1993.25 -1.1 -1.3 8.9 2.1

    1992.25 -1.9 -1.5 7.4 2.7

    1991.25 -1.3 0.5 -5.5 -0.41990.25 -3.9 -0.7 -20.5 2.2

    Return to Index

  • 8/6/2019 Debt to Equity for AUS & USA

    38/63

  • 8/6/2019 Debt to Equity for AUS & USA

    39/63

  • 8/6/2019 Debt to Equity for AUS & USA

    40/63

  • 8/6/2019 Debt to Equity for AUS & USA

    41/63

    alues and Stock Value Annual change %

    Date No. Annual Change % $ mn Value Price Index Mortgage

    2005 7,921,000 1.76 335,784 4.23 0.20 18.03

    2004 7,784,000 1.82 322,166 19.85 19.41 20.60

    2003 7,645,000 1.85 268,805 12.52 18.74 17.14

    2002 7,506,000 1.89 238,891 14.18 15.54 16.61

    2001 7,367,000 1.61 209,220 6.34 6.58 17.752000 7,250,000 1.73 196,737 9.56 9.53 15.23

    1999 7,127,000 1.60 179,566 5.33 6.44 12.64

    1998 7,015,000 1.52 170,475 9.82 6.04 12.54

    1997 6,910,000 2.19 155,238 5.74 1.69 11.47

    Return to Index

  • 8/6/2019 Debt to Equity for AUS & USA

    42/63

  • 8/6/2019 Debt to Equity for AUS & USA

    43/63

    %

    Net Return

    0.2

    0.5

    0.6

    0.8

    1.31.6

    1.7

    1.9

    2.3

    2.4

    2.4

    1.8

    1.9

    2.5

    2.7

    2.8

    2.42.0

    2.1

  • 8/6/2019 Debt to Equity for AUS & USA

    44/63

    Dwelling & mortgage values $ mn Index

    Date Average House Value House Value Index House Price Index

    2005 $335,784 228.7 219.9

    2004 $322,166 219.4 219.5

    2003 $268,805 183.1 183.8

    2002 $238,891 162.7 154.8

    2001 $209,220 142.5 134.02000 $196,737 134.0 125.7

    1999 $179,566 122.3 114.8

    1998 $170,475 116.1 107.8

    1997 $155,238 105.7 101.7

    1996 $146,813 100.0 100.0

    Return to Index

  • 8/6/2019 Debt to Equity for AUS & USA

    45/63

  • 8/6/2019 Debt to Equity for AUS & USA

    46/63

  • 8/6/2019 Debt to Equity for AUS & USA

    47/63

  • 8/6/2019 Debt to Equity for AUS & USA

    48/63

  • 8/6/2019 Debt to Equity for AUS & USA

    49/63

    Percent

    Net Equity Rent based net equity

    73.4 57.4

    74.2 59.5

    75.5 61.8

    78.0 64.9

    77.7 69.778.4 73.0

    78.7 75.9

    80.2 78.1

    81.0 80.4

    81.6 81.5

    82.0 82.1

    82.4 82.4

    84.1 83.7

    85.7 85.9

    87.1 88.1

    88.5 89.4

    89.3 89.989.9 90.0

    91.1 90.8

  • 8/6/2019 Debt to Equity for AUS & USA

    50/63

  • 8/6/2019 Debt to Equity for AUS & USA

    51/63

    Interest payment Ratio

    15.0%

    13.3%

    12.2%

    11.1%

    10.1%9.7%

    9.5%

    10.1%

    8.4%

    8.0%

    8.3%

    9.7%

    9.4%

    7.7%

    8.3%

    9.6%

    12.6%15.7%

  • 8/6/2019 Debt to Equity for AUS & USA

    52/63

  • 8/6/2019 Debt to Equity for AUS & USA

    53/63

  • 8/6/2019 Debt to Equity for AUS & USA

    54/63

    Sum Balanced Debt Sum

    $1,347,870 $1,755,787 $1,238,770

    $1,461,670 $1,884,160 $1,329,342

    $1,585,923 $2,021,920 $1,426,536

  • 8/6/2019 Debt to Equity for AUS & USA

    55/63

    Impact of responsible debt growth on aggregate demand $ %

    Date Difference in Spending of Spending

    2008.5 $109,099.8 $8.1

    2009.5 $132,328.1 $9.1

    2010.5 $159,386.9 $10.1

    Return to Index

  • 8/6/2019 Debt to Equity for AUS & USA

    56/63

    of GDP

    9.7

    11.0

    12.4

  • 8/6/2019 Debt to Equity for AUS & USA

    57/63

    Case-Schiller Composite Index

    Date Case-Schiller Index

    1987.42 65.56

    1988.42 72.48

    1989.42 80.52

    1990.42 82.01

    1991.42 77.311992.42 77.62

    1993.42 76.04

    1994.42 76.49

    1995.42 76.6

    1996.42 77.33

    1997.42 79.42

    1998.42 85.77

    1999.42 93.69

    2000.42 105.98

    2001.42 118.94

    2002.42 130.33

    2003.42 148.172004.42 175.43

    2005.42 205.76

    2006.42 226

    2007.42 218.23

    Return to Index

  • 8/6/2019 Debt to Equity for AUS & USA

    58/63

    ousehold Income Ratios, Australia %

    Date USA Australia

    2007.25 95.0 95.5

    2006.25 92.2 90.9

    2005.25 88.4 87.3

    2004.25 84.4 81.0

    2003.25 80.6 72.52002.25 75.3 66.5

    2001.25 70.8 60.7

    2000.25 67.4 57.6

    1999.25 66.1 52.7

    1998.25 64.5 48.8

    1997.25 64.3 46.0

    1996.25 64.3 43.6

    1995.25 62.7 41.7

    1994.25 61.5 38.2

    1993.25 60.9 34.9

    1992.25 61.4 32.8

    1991.25 61.3 31.21990.25 59.4 30.6

    1989.25 57.4 29.7

    1988.25 56.4 23.7

    1987.25 55.1 24.4

    1986.25 52.4 24.8

    1985.25 48.9 23.8

    1984.25 46.2 22.5

    1983.25 46.4 21.8

    1982.25 47.5 21.9

    1981.25 46.1 22.2

    1980.25 47.9 21.4

    1979.25 46.0 21.21978.25 45.0 20.4

    1977.25 43.0 19.0

    Return to Index

  • 8/6/2019 Debt to Equity for AUS & USA

    59/63

  • 8/6/2019 Debt to Equity for AUS & USA

    60/63

    Debt to GD Aggregate Components of US Debt

    Date Australia USA GovernmentBusiness Personal Financial

    2007.25 154.31 361.32 52.15 67.76 95.03 109.81

    2006.25 145.29 346.79 51.8 64.71 92.22 104.8

    2005.25 137.64 336.15 51.69 63.76 88.37 101.65

    2004.25 129.82 325.15 50.52 64.02 84.39 99.17

    2003.25 125.72 317.69 48.34 66.09 80.64 96.892002.25 118.88 302.61 46.02 66.96 75.29 91.23

    2001.25 115.56 286.94 46.24 65.71 70.82 84.34

    2000.25 112.07 276.53 50.25 63.52 67.37 77.61

    1999.25 106.7 272.25 54.29 60.95 66.14 72.79

    1998.25 101.23 260.84 57.39 57.21 64.52 64.03

    1997.25 97.15 255.23 59.93 54.8 64.34 59.41

    1996.25 95.28 252.51 62.42 54.85 64.34 56.56

    1995.25 91.16 244.98 63.72 53.63 62.67 52.85

    1994.25 89.41 242.55 65.66 54 61.5 49.89

    1993.25 89.36 238.94 65 55.85 60.87 46.86

    1992.25 91.63 240.38 63.59 59.28 61.37 45.62

    1991.25 93.33 239.94 60.29 63.39 61.35 44.891990.25 93.75 233.85 57.18 64.4 59.39 42.67

    1989.25 92.44 229.86 56.73 64.84 57.42 41.86

    1988.25 86.1 225.28 57.39 64.57 56.42 38.91

    Return to Index

  • 8/6/2019 Debt to Equity for AUS & USA

    61/63

  • 8/6/2019 Debt to Equity for AUS & USA

    62/63

  • 8/6/2019 Debt to Equity for AUS & USA

    63/63