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:
This is an edited version of a presentation and Q&A I gave to the investment banking community today.
The RBA meets Tuesday, with economists and markets predicting no change to rates. Indeed, not til later next year will rates likely come down,...
Latest on the market gyrations today, and some thoughts about the potential impact on superannuation.