Should we use fiscal or monetary easing in the looming balance sheet recession?

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Let’s kick off with David Scutt at BI:

The responses in the latest [consumer sentiment] survey indicate that Australians are now more risk averse when it comes to their investment decisions — or scared — than what they were during the height of the GFC.

That’s fairly remarkable given Australia just notched up its 28th year of consecutive economic growth, with unemployment sitting at the lowest level since 2011.

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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.