Economist John Adams and I discuss the moves by APRA and the RBA to loosen credit. What is really going on?
The John Adams And Martin North DFA Page
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Caveat Emptor! Note: this is NOT financial or property advice!!
Exactly the same approach as during GFC… it was clear that back then there were Govt. types very active online working as “social influencers”, debating on websites, and that was their argument… the justification is that they will deal with the imbalance outside of a crisis – but guess what, nobody wants to fix the roof even when we have had fine sunny days for longer than drought-effected Queensland…
And then we go back to the baloney spat out by the RBA back 2010-2012 (e.g. Glen Stevens – “Glass is Half Full”) before they really stuffed things up again by reducing interest rates, refusing to concomitantly add lending curbs (ie macroprudental) so that deleveraging could occur, and said they were confident that re-leveraging by households would be imprudent and thus would not happen…
Actually, Martin would consider publishing my submission to the Royal Commission here? This really is getting ridiculous! It really is starting to smell of a completely corrupted and defunct system…