Economy

Mar 31, 2014

The new challenges facing the RBA (and why Stevens’ legacy is at risk)

When historians look back on this period of Australian economic history, how will they judge Glenn Stevens and the RBA in the post-GFC years?

In late 2008, amid global housing busts and economic wreckage, Reserve Bank of Australia governor Glenn Stevens said in a speech to Australian economists:

2 comments

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2 thoughts on “The new challenges facing the RBA (and why Stevens’ legacy is at risk)

  1. Tyger Tyger

    “I don’t know anyone who predicted this course of events.”

    Nouriel Roubini (aka “Dr Doom”) got it pretty much spot on, including the sub-prime trigger.

  2. Simon Mansfield

    Glenn Stevens should resign. He is probably the worst central banker Australia has ever had. Opens his mouth and the dollar goes up. Today will be no different.

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