Thus far, Treasury & RBA have shown a lack of imagination, the small scale of their actions indicating they didn't grasp the size of the crisis & were behind the game even as they announced their first steps. They've realised their mistake...
thenewdaily.com.au/finance/financ… ...but the
big question now is how far they are prepared to go tomorrow to correct it.
Do they have both the imagination and nerve to make the big leap to instill a some confidence by getting ahead?
Odds are RBA will be predictable and mimsy - 25 points and QE bond buying. That's not...
getting ahead by any means. It's housekeeping. Linked to in today's piece above is this September story thenewdaily.com.au/finance/financ… about the prescient report by prominent former central bankers about the challenge of the next crisis - this crisis - when...
“Monetary policy is almost exhausted as global interest rates plunge towards zero or below. Fiscal policy on its own will struggle to provide major stimulus in a timely fashion"
The RBA and Treasury need to be much braver. They need to put the frighteners right up their dull...
masters. How brave? How about helicopter money?
Having given a three-day tease of something Very Big Indeed tomorrow, it's time for #RBA & #Treasury to deliver. #auspoI
thenewdaily.com.au/finance/financ…
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