It’s still early in the bust but jeez it’s already getting perverse. From Dad’s Army:
The Commonwealth Bank has launched a fresh call for the federal government to develop a long-term plan to tackle the major economic threat posed by sagging confidence levels.
Australia’s biggest lender says volatility in the global economy, and in particular falling commodity prices, was undermining confidence levels among consumers and businesses.
There is no shortage of confidence, it is, alas, placed in completely the wrong things, such as mortgages.
