Regardless of whether anyone thinks he should or should not be commenting I agree with his prediction and in the long article he give some very convincing proof and analysis of his opinion.
By the way I think he should keep his opinions to himself being a director of a central bank the RBA.
These people have lots of inside information so they really shouldn't be making comments like this.
Having said that for once someone has given the public some inside info.
Confusing huh.
I think we all know the markets are overblown and are now in a serious correction phase.
Even the IMF/WORLD BANK has warned of serious market corrections and collapsing world growth so it should be no surprise to anyone that it is now happening. The US Fed is like a startled gazelle in the spotlight, which way do I jump, up, back, left oh crap Im screwed they've seen me here doing my business in the dark.
