Is Glenn Stevens a Coward?

speculators   The perfect world – zero interest rates for the speculators. Don’t bother making stuff.

I spoke to financial commentator, Greg Buck about housing bubbles, speculative financial thinking and about the Reserve Bank of Australia. Now RBA’s Governor Glenn Stevens says loan limits ‘worth a try’. They want all the credit when the going is good, but keep kicking the can down the road – so someone else will take the blame and the pain.

 

Advertisements

Comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: