Will the HEM judgement trigger a mortgage tsunami?

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Martin has been behind the curve on the rebounding market so is probably looking for an excuse to catch up. It’s still not clear to me that the ASIC judgement will end private class actions. Nor that ASIC will be forced to dump any of its HEM reform.

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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.