I've got just the one prediction for 2026, and that is, Australia is going to fail. That's because they're heavily indebted and faced with a slowdown in China. That means less coal and iron ore sales to China and less exports of food there as well.
The mortgage market in Australia will suffer serious reversals in all the major cities, wiping out homeowner equity. Smaller banks may fail. Unemployment will skyrocket.
Remember, you read it here first.
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