Financial hell: 57% in Australia cannot afford an extra $100 if interest rates rise.

MishShedlockMike 'Mish' Shedlock is a registered investment advisor representative for Washington-based SitkaPacific Capital Management, an absolute return asset manager. Mish provides economic and market analysis for the firm and is the author of the widely followed 'Mish's Global Economic Trend Analysis'. In this article he predicts that when top finally blows off the Australian housing bubble, the results will be devastating. To read more, click here.