Steve Keen: "Listen - is that the sound of a bubble bursting Down Under? "

``Australians are relying on their secret weapon: luck. Chinese buying of Australian real estate-partly as insurance against things going bad in China, partly to buy blue skies, which can't be bought in China for love nor money - has given Australia's debt-booze-addled gamblers a possible way to walk away from it all and appear sober rather than sozzled. However, China itself is going through its own property market crash, and there's no external force that will rescue its speculators from that fate. So Australians are now gambling on whether the fallout from China's crash will prick their own bubble, or inflate it once more.''