"unemployment boom coming up"
We've seen CB stimulus from afar but just wait and behold an an aggressive RBA rolls up it's sleeves, gets down and dirty and throws itself into the stimulus fray. When it's in our front yard it's shocking awe.
The RBA will use QE in it's assault on unemployment by using a sledgehammer on a peanut.
Fiscal and monetary policy, used in co-ordinated unison, should create a dream like recovery. However I've seen the results of such aggression bear full juicy fruit then whither pathetically on the vine under the fiery sun of structural macro economic realignment.
One cut at a time. It's going to hurt.
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Meltdown, page-41
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Glen Diemar, MD
Glen Diemar
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