The 25 times earning multiple is extreme. Yet it’s held this price for almost 3 months indicating a level of comfort for investors to hold at such a sky high valuation. I think this is significant as it would represent a major attitude shift in the countries investment community. For decades the general rule of thumb is around 15 times earnings is reasonable for a bank. Yet in the last year this sentiment has been binned in favour of a willingness to buy at a 25 times ea...

One of the most valuable lessons I learned from my father was 'Integrity Counts'. In the business world, this phrase has guided me countless times to make the right decisions and earn the respect of my partners. Thank you Dad, your teachings have taken me a long way.

AMP chief economist Shane Oliver has been one of the most accurate at picking rate changes in the past. He said recently that given the experience with inflation in the US, where progress on disinflation quickly resumed after a bump up, the RBA “should be moving to consider a cut”. Still, he said in a note the RBA will most likely reiterate it is “not ruling anything in or out” as inflation remains too high. This is a line Bullock and the board have been trotting out for months. When they omit i...