Via Lindsay David:
Hilarious. In the US they measure LVR as cash deposit v property value of the individual asset. In Oz we use the Combined loan to value ratio measuring equity across an entire portfolio. RBA is really making big efforts to make things look nowhere near as bad as they are. pic.twitter.com/cLm57yzFZE
— Lindsay David (@linzcom) 12 April 2019
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.