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Australia following Britain's GFC playbook

25 February 2019

Chris Watling, CEO and Chief Market Strategist at Longview Economics, recently sounded the recession alarm on the Australian economy. We had the chance to sit down with him to explore his view, hear where he’s seen a very similar set up before, and to learn just how bearish he really is.

Chris emphasised the negative feedback loop that can gather pace between banks and borrowers, noting that: “then you get into the pro-cyclicality of the downturn. This is the bit I think people never fully quite get the full grip on until it's actually playing out and it seems it takes a load of chapters to get there”. Both the playbook he draws an anology with and the degree of bearishness he expresses on Australia are quite sobering.

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Topics: uk, bubbles, australia, gfc, TV appearances