MB often works with international hedge funds on the Aussie economy. I recall the reaction of one from the US when he discovered that, unlike US fixed rate mortgages, Australian mortgages are all floating rate. He declared immediately: “Households must all pray for the next recession!” Why? Because that meant cheaper repayments for the overwhelming
The post Bugger the surplus. Households hate life without RBA insurance appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]