I’m so relieved.
I feared that Davo was so obstinate about the nature of MOLOL that even when the APRA’s Chairman Byao told him that he won’t do jack to lean on on house prices, he’d still have his fingers in his ears, chanting “lalalalala it doesn’t count unless the term ‘MPLOL’ passes his lips!”
This is Davo’s take:
Could it be that the Deflation Imaginarium has developed a minor crack? Could the fresh smell of EZFKA be seeping in?
I am not holding my breath… more likely that one fantasy is merely being replaced by another :
When Labor wins the next election it should clarify APRA’s mission statement to include house prices, just as NZ has done. Even better it should shut it and hand prudential responsibility back to the RBA with the altered mandate.
(Here and previously: https://www.macrobusiness.com.au/2021/03/corrupt-apra-washes-hands-of-house-prices/)
I reckon he still done dungeddit. If it’s to collapse, it is more likely to collapse despite all govt support, not because support is withdrawn. Because ezfka government is momentarily powerless, not because it is magnanimous.