by Boo_Randy
Prediction: the global financial meltdown will start in the WEF looting colonies of Australia, New Zealand, and Canada, then spread to the US, UK, and Europe.
www.macrobusiness.com.au/2022/09/aussie-bank-bubble-bursting-slowly-then-all-at-once/
The usual Aussie bank groveling articles are appearing as we approach full-year results. These articles focus on the juicy dividends without making reference to the business cycle. A bad idea.
Bank’s forward earnings multiples have been falling much of this year. Some of this is the lifting margins emanating from rising interest rates. Some of it, and more importantly for this post, is falling capital values:
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