Feeding the Banking Beast
Banking is a beast, and a hungry one at that. To ensure the industry continued to deliver the profit growth shareholders demand, Aussie banks have been lending out more and more money.
Banking is a beast, and a hungry one at that. To ensure the industry continued to deliver the profit growth shareholders demand, Aussie banks have been lending out more and more money.
Banks are welcome to run whatever risk they see fit, except when it’s our money they are gambling with.
Banking fears have fallen away and the focus is back on central banks. NAB’s Ray Attrill is asked how far will they go now and why is the market at odds with them? https://podfollow.com/nab-morning-call
How does the world change if transactions in the US dollar shrink as BRICs nations prefer to trade in their own currency. And can the west grow without investment from those countries? @profstevekeen on this week’s Debunking Economics podcast: https://podfollow.com/debunking-economics-the-podcast