so we’ve got another Deflation Imaginarium dispatch to comment on. I like to imagine that it has been penned by a bloke with an overly large pen and no pants
(refer illustration of Hero Jack from https://www.deviantart.com/dbcreativeart/art/Hero-Jack-without-Pants-741274907).
He’s alright, Jack. He is Alright Jack.
Alright Jack muses on Jack’s favourite topic of macro prudential:
Macro prudential is great, because it is not macro, it is not prudential, it is non-existent.
Being mythical, like that, its effect can be whatever Jack wants to imagine. It doesn’t have to be the same all the time. It can change moment to moment. It can even be two opposite things at the same time. What a nice chimera.
Today, Alright Jack reckons it will curb house prices (above)… while not impacting house prices (below):
It is exceedingly likely that this stuff is being written by a bloke with no pants. I have been presented with no evidence to the contrary.