Just when things were starting to look up (certainly from where I sit they were – we survived the GFC, employment and consumer confidence are picking up, competition is returning to the mortgage industry, the media is using the word ethics and broker in one sentence and housing prices are simmering along) a dark grey cloud descends over our future.

First we have Four Corners telling us on Monday night that the greatest financial crisis we will ever see is yet to come (the prediction being that many countries will see their debt reach 100 per cent of their Gross Domestic Product in the days to come) and now BIS Shrapnel has released a long term forecast that warns of high inflation and interest rates that top 9 per cent. Full Story