Browsing the latest charts from the RBA.
Despite record low 10-year bond yields…..
Credit growth is subdued and likely to remain so for some time.
After a massive credit bubble lasting more than a decade.
Households are saving close to 10 percent of Disposable Income in anticipation of a contraction.
While banks are reluctant to lend when their margins are being squeezed.
Borrowing offshore is not an option. That is how we got into such a fix in the first place.
Makes me believe we are unlikely to see another housing boom for some time.
There are two possible outcomes: a soft landing and a hard landing.
It all depends on whether Wayne Swan and the RBA know their jobs.

Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.