Opinion
RBA blowing financial stability bubble
Whereas household leverage has declined in the US and Europe in response to relatively tight monetary policy, the lax approach of Australia’s central bank has fuelled a record increase in household debt.
Christopher JoyeColumnistWell, life is, unsurprisingly, starting to get interesting again after a brief period of relative calm.
First, there is the spectre of a prolonged conflict between Iran and Israel. The risk is that this escalates into a forever war (if it was not one already), sucking in allied democracies and autocracies, while simultaneously disrupting supply chains in a manner that forces oil prices much higher.
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