From the SMH's Michael Pascoe:
"Reserve Bank deputy-governor Ric Battellino quietly destroyed a bunch of major myths this week – turns out we're actually good savers, our household debt isn't a problem, the housing affordability crisis has been exaggerated and our foreign debt is sustainable. In short, most of the usual scary headlines about the domestic economy are rubbish.
You'd think that would be worth a few headlines, but the RBA made a couple of mistakes in the timing of what is really a very good news story."
