MAN Financial chief economist Dr Frank Shostak has a warning for investors. The Reserve Bank's monetary policy is "out of control" and that means inflation is heading up, interest rates are set to rise and the share market is only being supported by excessive money supply.
I wonder if Frank factored in the "out of control" debt bubble or just keeping quite on it? One would hope a raise in interest rates would slow down the debt bubble and avoid busting it. They have talked about raising rates but the bubble keeps going up, a worry for the Coalition.
