The Reserve Bank is worried that a further tightening of lending standards could take the air out of the housing bubble very quickly. Here's the way it could happen.
The changing economic landscape, and advances in technology, bring progress and unprecedented challenges for a new generation wondering what their careers will look like, says UNSW Business School’s Professor Richard Holden.
The debate ought to be about whether we should have spent big. It was good that we did. But we need to "reload" and get the financial system under control.
It is thought that it doesn't help much to cut official interest rates toward or beyond zero, and maybe it doesn't, but new research suggests the answer has a lot to do with the housing market.
