Some in the financial sector were saying Australian markets were being held back by regulation, and preventing full entrepreneurial potential.
That opinion in Australia was quelled by the GFC. But not so much in the USA.
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Some in the financial sector were saying Australian markets were being held back by regulation, and preventing full entrepreneurial potential.
That opinion in Australia was quelled by the GFC. But not so much in the USA.
Remember too that our massive super funds keep part of their money in government bonds, so that helps the government.
During the GFC our banks were helped because super funds kept part of their money in our bank deposits, which helped when it was hard for our banks to borrow overseas.
Our massive super savings stabilise our financial system.