An important discussion about credit creation, why banks are talking interest rates down, and what economists are prepared to say and what they are not, courtesy of Joe Wilkes. Refers to the earlier post below:
We get behind the latest data and FTB "bribes". Buyer beware!
Yesterdays RBA Monetary Policy Board unanimous decision to hold rates at 3.6% and Michelle Bullocks calling the end to a truncated easing cycle meeting...
Economist John Adams and analyst Martin North, discuss the foreign debt problem with the joint author of Credit Code Red – Dr. Peter Brain....