Got a short e-mail today from The Market Herald. Two third's of...

Got a short e-mail today from The Market Herald. Two third's of text below -   

Closer to home a trifecta of policy changes have primed the pump for the great Australian credit implosion of 2025. First the banks have been given the green light to lend again. So more people will take out more loans.  Second the apparatus of credit protection has been dismantled in favour of US style chapter 11 processes. So people who can't pay it back will take longer to not pay back. Third the era of free money is upon us and a raft of initiatives mean more people will get more free money. The history of credit bubbles is 'this time its not different'. And in response to what's shaping up to be the worst Australian credit bust since the collapse of the gold standard the big 4 banks had their best week since Afterpay was a knee high to an Austrac officer.

But easily the black swan of the last week has been the surprising resilience of the Australian employment market. Despite every sign to the contrary employment is holding up well. And no one is more puzzled than the Reserve Bank of Australia. The primary purpose of the RBA is to foster prosperity and full time employment. Everything else is just a policy setting. So is the "certain" October rate cut really that certain? Investors will find out soon.