MORNING SHOW – 13/06/22

To really fix the financial and banking system governments and regulators need to get to the core of the problems that led to the 2007-9 financial crisis. The evidence so far indicates that the current approach has failed and that throwing money at banks is not a part of the solution. Unless the authorities can get the “fix” right we are facing ongoing crisis as banks revert to their old ways with little regard for anyone but themselves.

The last year proved what the concerted efforts of a group of central bankers and governments can achieve. From the edge of financial meltdown the bounce back has been indeed remarkable. Asset markets around the world put in very impressive rallies including stocks, credit markets, housing. You name it, 2009 saw it rally.