The new age of speculation

Not even record low interest rates can turn us from our love affair with low-risk assets. That’s because the Reserve Bank is facing an unshakeable change in the Australian psyche: fear of unemployment.

There is also continuing evidence of a shift in savers' behaviour in response to declining returns on low-risk assets.” – Reserve Bank of Australia governor Glenn Stevens announcing last week’s monetary policy decision.

Suppression of savers is the policy of the age.

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