Reserve Bank of Australia's Malcolm Edey, Assistant Governor (Financial System). He is speaking at the Australian Shareholders Association (ASA) Investor Forum, Sydney
Headlines via Reuters :
- Should not put excessive focus on recent market turmoil
- Commentary in markets and media often "unjustifiably gloomy"
- Says has been a welcome slowdown in local bank lending for housing investment
- Risks building in commercial property, appear manageable at this stage
More (via Bloomberg):
- Little new data to trigger reassessment of global outlook
- Local banks have limited direct exposure to risk factors
- Oil price fall driven by strong supply, not weak demand
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Full text: The Evolving Risk Environment
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On "Commentary in markets and media often "unjustifiably gloomy" "
Got that right. Even to the extent of making gloomy stuff up when it ain't even there! I had a HUGE rant about it on Monday. Then I couldn't let it go ... Was it free stupid pills somewhere today or something?
But, gloom and doom sells.
