Guy Debelle Says It As He Sees It

If we didn't know who RBA assistant governer Guy Debelle was before this morning we certainly do now. His comments that that markets are likely heading for a "violent sell-off" have caught the eye. It's unusual for a centrral banker to be open, frank and transparent so we ought to welcome his observations. Worth a read to get the context here and his comments about market makers here

"But there are probably a sizeable number of investors who are presuming they can exit their positions ahead of any sell-off. History tells us that this is generally not a successful strategy. The exits tend to get jammed unexpectedly and rapidly."

Could have written it myself!