SMH · Shane Wright · Thursday 4 June 2026
Analysts have raised concerns the country could face a recession and stagflation due to the Iran war. But Michele Bullock is not one of them.
A central banker promising no recession is a weather bureau forbidden from forecasting rain — the moment Bullock says the word out loud, she causes the thing she's denying. Keating had the ticker to call his the recession we had to have. This one's stuck swearing it's fine weather while half the analysts are already under umbrellas.