About Time

This is absolutely a good thing.

Glenn Stevens is clearly concerned enough about a property bubble that he feels it necessary to appear on commercial television and talk to the "people who are creating the problem".

A fantastic pre-emptive approach - made necessary by the fact that these folks only get their information from breakfast television. Not for them the ABC or Crikey or the "high brow" news services. They have been captured by channels Seven and Ten.

I wonder if they will start to pay attention now? The likely reaction is "Glenn who"? as they get on the phone to the bank manager to see if they can up the limit on the credit card - again.