Australian interest rates Australian Property Featured Article

Scummo promised MOAR bubble and he’s going to deliver

Tuesday 27 August 2019

Some better work today from the AFR’s John Kehoe:

When Reserve Bank of Australia governor Philip Lowe presented to the world’s central banking elite in the United States on the weekend, he had a none-too-subtle message for Treasurer Josh Frydenberg back in Australia.

…“Monetary policy cannot deliver medium-term growth,” Lowe said. “We risk just pushing up asset prices.

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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.