Prepare for equities and property pain
Higher long-term risk-free cash rates are going to create a protracted pain trade for risky assets.
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Higher long-term risk-free cash rates are going to create a protracted pain trade for risky assets.
If the Reserve Bank doesn’t refrain from raising rates next week and we end up in a recession, those responsible should be pilloried for being incompetent.
Which is why the RBA needs to use the Window Cleaners Index instead of inviting executive types in for a quick liaison and a cup of tea.
The smart money has nominated the favourites for the RBA Governor stakes, but is it time for an outsider to get up and take the prize?
Investment banker Matthew Grounds says Philip Lowe must stay on to signal to financial markets that the Reserve Bank is committed to slaying inflation. Others disagree.