At the AFR of all places:
High appetite for risk has created a “speculative euphoria”, says former prime minister Paul Keating, who argues that markets are vulnerable to a correction that nobody is prepared for.
“No-one’s running for the door, and also right now, no-one knows where inflation is or when it might spring back. We’re in this twilight zone where asset prices are popping, the valves are popping on the engine, we know that.”
