Farewell Captain Glenn, it was a game of two halves
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It’s farewell to Captain Glenn today as he rides off into the sunset in a single-engine Cessna, via the AFR:
Reserve Bank governor Glenn Stevens has conceded that he has “some discomfort’ about rising Sydney house prices, but argued that these concerns need to be weighed up against the need to stimulate economic activity.
In an interview with The Australian Financial Review, Mr Stevens pointed out that there were some mixed evidence as to the strength of the housing market.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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