On February 28 I wrote to the Reserve Bank of Australia, the Prime Minister, and the Treasurer warning that “it is clear both equity and bond markets are starting to fail: the problem is extreme information asymmetries”.
At that point the US equity market had slumped only 13 per cent.
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Christopher Joye is a portfolio manager with Coolabah Capital, which invests in securities, including those discussed in his column. Connect with Christopher on Twitter.
