Why the Reserve Bank and the federal government don’t see eye to eye on Australia’s coronavirus recovery

These are unusual times.

Despite an economy still in recovery from one of the worst recessions on record with elevated levels of Australians out of work, real estate is booming across the land, and all in the total absence of any immigration.

There’s just as much confusion in the finance world. Stock markets that for months have been pricing in blue skies and sunny weather forevermore suddenly have been jolted by the concerns of money markets that inflation, which has been dormant for the best part of a decade, could again strangle the economy.