Everything Is Fine Folks; Just Look Over Here! But….

There was, in my view some significant misdirection contained in the Reserve Bank’s recently released Financial Stability Review, released on Thursday, which they say provides a comprehensive assessment of the health and resilience of Australia’s financial system.All up they say that Australia’s financial system remains well positioned to navigate a period of elevated global uncertainty, with largest risks to financial stability as coming from abroad, including High and rising government debt levels in major economies, Stretched asset valuations and leverage in global markets and heightened geopolitical and operational risks. Superannuation funds are especially exposed, they warn. On the other hand, […]