Reserve Bank Australia to set off raging bull market
MST Marquee’s Hasan Tevfik said the cheap money would prompt investors to charge into stocks over bonds and set mergers and acquisitions alight. “RBA stimulus increases the possibility of a raging bull market in equities. The extreme financial repression, which the RBA is trying to orchestrate, should be explosive for debt-financed M&A,” Mr Tevfik said.