TERRY MCCRANN

today in no position to bail anyone out.

In a further point of difference, which will be brought into sharp relief today, the RBA’s official interest rate back then was 18 per cent; ahead of today’s RBA meeting it is 1.5 per cent – and please note the decimal point.

TODAY, EVEN WITH DISRUPTION, ALL FOUR BANKS ARE NOW IN RUDE GOOD HEALTH. SOME BELIEVE ‘TOO RUDE’, I WOULD ARGUE NOT. APART FROM THAT, 1991 COMPARISONS ARE LIKE HITLER COMPARISONS. YOU JUST DON’T MAKE THEM UNLESS YOU HAVE A VERY, VERY GOOD AND INDEED UNAVOIDABLE REASON FOR COMPARISON.