Nothing On Sell Side, page-9

Debt agreements in the last four years. The next couple of quarters will be interesting.

	Column 1	Column 2
0	December quarter 2011	2,032​
1	March quarter 2012	2,481​
2	June quarter 2012	2,218​
3	September quarter 2012	2,422​
4	December quarter 2012	2,510​
5	March quarter 2013	2,376​
6	June quarter 2013	2,344​
7	September quarter 2013	2,459​
8	December quarter 2013	2,589​
9	March quarter 2014	2,678​
10	June quarter 2014	2,979​
11	September quarter 2014	3,010​
12	December quarter 2014	2,655​
13	March quarter 2015	2,568​
14	June quarter 2015	2,678​
15	September quarter 2015	3,081​

The last recession in Australia was in the early 1990's. Debt agreements were not around back then. They were only introduced in 1997. If you look at the bankruptcy figures you can certainly see a significant increase when the recession kicked in.


I am not qualified to make predictions. Your guess is probably as good as mine.

	Column 1	Column 2
0	1988–89	7,435
1	1989–90	8,552
2	1990–91	13,091
3	1991–92	16,780
4	1992–93	14,852
5	1993–94	14,166
6	1994–95	14,132
7	1995–96	17,324
8	1996–97	21,846
9	1997–98	24,408
10	1998–99	26,378
11	1999–00	23,373
12	2000–01	23,902
13	2001–02	24,114
14	2002–03	22,639
15	2003–04	20,497
16	2004–05	20,501
17	2005–06*	22,299
18	2006–07	25,249
19	2007–08	25,961
20	2008–09	27,520
21	2009–10	27,509
22	2010–11	23,093
23	2011–12	22,163
24	2012–13	20,876
25	2013–14	18,601
26	2014–15	17,163