ITS ABOUT THE CASH NOTHING ELSE.
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Is Australia the next big 'Big Short' for global investors?
When the Reserve Bank trotted out its most recent robust prognosis of the Australian economy there were more than a few sceptical eyebrows raised. The RBA's quarterly Statement on Monetary Policy (SoMP) nudged up GDP growth to 3.5 per cent by the end of the year and has it still motoring along above 3 per cent well into 2020. Westpac's veteran chief economist and RBA watcher, Bill Evans, adopted a rather Sir Humphrey Appleby tone on what looks like a courageous call from Martin Place, particularly given the housing market's well chronicled funk. "There appears to be a degree of, in my opinion, over confidence ... (full story)
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