The RBA, in an epic policy blunder, cut rates twice and reignited the housing boom. And APRA has been powerless to stop the surge in loan growth.
Australians have been lulled into thinking that the secret to wealth involves buying an expensive property, hoping it becomes even more expensive, and then selling it to someone else.
Vern sees serious problems with Australia’s economy. We agree on this point. I just don’t think it will lead to a stock market collapse. Not yet anyway.
Vern took aim squarely at a recent statement from Treasurer Scott Morrison, where he denied that Australian housing could possibly be in a bubble.
Why Tesla should try and make a profit before asking investors for more money… what a 'Peak Australia' will look like… why the mainstream media made a fool of themselves over Trump's tax returns … and more…
The End of Australia, drills down to what the next big financial crisis will look like at ground level in this country. Remain cautious.
The east coast energy crisis is a part of a larger problem engulfing Australia’s energy and power infrastructure. South Australia is at the centre of it.
The themes of Money Morning this week were regulation, leadership and the ripples they cause in markets.
AI, robotics and quantum computing might eliminate 40% of the jobs. But they’ll also create another 40%. Maybe even more.
There was no hint that strengthening demand in the Aussie economy might see the Reserve Bank of Australia raise interest rates soon.