It’s not often that MB gets out-beared but it’s happening at the moment, via News:
Mr Adams said an inversion of the “one year to 10 year” yield curve had been the most accurate prediction of a coming recession since the 1960s — a phenomenon also recognised by the US Federal Reserve.
…In a previous news.com.au interview, Mr Adams said in the event of a crisis, everyday Aussies would likely experience severe financial difficulty given that many Australians hold “excessive debts” and would likely suffer “loss of income and unemployment” which would potentially lead to a spike in mental health, addiction and relationship problems for many people.
