Are we heading for a debt trap?
The government's policies have been focused on spending and have encouraged Australians to borrow more, driving strong credit growth. However, the more indebted Australians are, the harder it is for the RBA to increase interest rates. In episode 16 of The Rate Debate, Darren Langer and I discuss whether Australia could fall into a potential debt trap of low growth, low-interest rates, and no inflation if the RBA gets it wrong.
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Chris is responsible for portfolio management, including portfolio construction and trading for various Australian fixed income portfolios including the Nikko AM Australian Bond Fund at Yarra Capital Management (Nikko AM was acquired by Yarra...