Australian banks Australian interest rates

How virus contagion will hit Aussie banks

Thursday 5 March 2020

Via Credit Suisse’s monetary wizard, Zoltan Pozsar:

Today’s liquidity conditions are like the waters receding before a giant wave.

The coronavirus outbreak and the shock that preventative measures introduced to manufacturing and services activity will lead to missed payments globally.

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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.