Australian Housing Bubble manageable? Maybe says one of the largest banks
On the back of currency flexibility, Australia would post 2.6% in 2017 and 3.2% in 2018, surpassing Netherlands' 25-year modern day record of consecutive growth in a developed economy, notes BAML. Tony Morriss and colleagues at Bank of America Merrill Lynch in their November 24, 2016 research piece titled: “Australia Year Ahead – 6 Risks for 2017” anticipate AUDUSD to touch 0.70 next year, with USD appreciation dominating the ongoing strength in commodity prices.
Lakewood Capital Shorts Australian Banks
The six themes for Australia 2017 according to BAML:
1. There are significant limitations to policy for the year ahead. The benefits of further monetary policy easing have diminished due to financial...
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