The “whole world” will be impacted if the United States defaults on its loans and Australians “won’t be able to escape” the consequent recession, says Saturday Herald Sun columnist Steve Price.
“The global share market would go into meltdown,” Mr Price told Sky News Australia host Sharri Markson.
“So you look at things like the potential of another increase by the Reserve board next month on the cash rate, mortgages going up – we don’t want that to happen. “So I guess in a sense … it’s probably better that Biden gets in and out of Japan, gets back home and sorts it out.”
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