Reading Bill Evans’ mind

Find Bill Evans below delivering his ringing endorsement of what was clearly an outlier result for Westpac consumer sentiment yesterday:

Look at the Westpac versus ANZ result:

Both are post-budget. I’m not arguing that the ANZ result is more right. But I’d suggest taking the average of the two is a more sensible approach than accepting the wild Westpac result.

Normally Bill Evans is a famously circumspect observer so the embrace of his enthusiastic outlier result is actually quite worrying.

It is surely a measure of how spooked he is about the future of his bank.

David Llewellyn-Smith

Comments

  1. happy valleyMEMBER

    Bill’s “economic org.sm” would be if Captain Phil put the “NIRP” present in his Xmas stocking – after all, who feels sorry for savers and depositors and NIRP is only a very short way off now? And NIRP is the true indicator of the truly dodgy creditworthiness of our “unquestionably strong” (LOL) banks, isn’t it?

  2. Jumping jack flash

    Bill’s mind is pretty easy to read. He’s a banker.
    He wants as much free government money as he can get his hands on, and offers the promise of lower interest rates in exchange.

    Something else that he might like these days would be for the government to guarantee all or a portion of the people’s interest bill.

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