Very much so......all main points taken and I think he is one of very few who actually understand the thematics of the RBA & the QE platform they have now no idea of where to go next, never the less, Australian banking is best positioned anywhere in the world when you work through the numbers...how ever it can all come undone for them if they do not have the finger on the trigger and raise which I think they have already dropped the ball on.... Especially when it comes to LCRs although B$360 in cash credit is a buffer I dont think any other GDP in the world pro rata has. Happy to be corrected on a nominal GDP buffer from any reserve in the world would and could only be to happy to have. Either way you look at it, our margins will be .25 over cash by mid 3rd quarter 2022 or modern economics quite simply does not matter anymore along with the M1 economic theory.
WBC Price at posting:
$21.81 Sentiment: Buy Disclosure: Held
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