Terry McCrann demands return of the bubble

Terry McCrann reaches for new lows today:

You gotta love APRA’s classic regulatory — “it’s actually up to each bank what margin it decides, except that it must be at least that 2.5 per cent”.

…if loan rates fall to 4 per cent in the next couple of months (thank you RBA), then the next borrower gets to be able to borrow if they can service 6.5 per cent.

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