The article below is a slightly extended version of one posted on the Livewire site, that can be found here The Annual Central Banker jamboree at Jackson Hole this weekend is likely to feature the usual set of earnest presentations...

Below is the latest article for Australia Financial Review, making two key points. First that moves in markets may lead rather than reflect Economic forecasts and thus we need to be careful of predictions based on market moves – especially commodities. Second, that official forecasts that drive policy are far worse than listening to markets and the apparent lack of understanding of how interest rates impact a household sector with a lot of floating rate mortgage debt or even the basics of how the oil market works are of far more concern.

Nice to be back in the studio with David and Vanessa this morning- so much better than the Zoom calls! Nice of Bloomberg to send a link through as well.

This weekend we had another article in Australian Financial Review.

Disinflation is over, deleveraging the financial system could be next.