Australia's largest stock trading and investment forum Australia's #1 stock forum

GOLD

Click for more information

0.51%

$1,391.7 gold futures

Drumbeats of a Meltdown, page-6

First 6 Last

Share
Profile

Follow
Dazedandconfused

7,594 Posts.

2098

21/10/14

18:56

Post #: 14158522
Share

Originally posted by timber1956 ↑

Dazed

There is a lot that is puzzling about Debelle's statement.

1. He is not best qualified person to make such a statement, given his relative lack of market experience;
2. It is a rather irresponsible thing for a central banker to say. I am not sure that these comments are consistent with the RBA's mandate is to promote system stability. Normally, when faced by a major threat (like the perceived housing bubble in Australia), the RBA and APRA tend to work with the banks behind the scenes to manage systemic risk, not make statement likely to start a stampede.
3. If he is wrong, he will damage the reputation of the RBA and threaten its position as an effective regulator.
4. The RBA is not prescient. Their overview of any situation is less advanced than the banks who get to initiate action in real time, where as the RBA is always reacting.

Expand

Hi timber

This is [what I think is] a balanced summary of the conflicting opinions about Debelle's speech.

http://www.copyright link/p/markets/cheers_and_jeers_for_guy_debelle_vQCknDSAtLtrvnBqjlhfHN

You would have to think that he cleared his speech in advance with his superiors.
2 Upvote

0 Great analysis

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

HotCopper Highlights: Your most watched stocks for Week 46, 2024

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

First 6 Last

Add GOLD (COMEX) to my watchlist

SPONSORED BY