Arrogant RBA admires rear vision mirror as McKibbin warns on future

Sunday 9 September 2018

Via Warwick McKibbin at the AFR:

There are now many triggers that could ignite the next crisis including President Trump’s fiscal policy or a trade war.

The problem this time around is that many countries, including Australia, have not addressed the fundamental internal structural problems and these countries have used excessively loose monetary and fiscal policy in an attempt to sustain economic growth.

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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.