Australian Treasurer Hockey: No threat of global financial crisis

Comments from Australian Treasurer Hockey in a radio interview.

Some sage advice from Hockey:

• No threat of global financial crisis from stock plunge
• Money moving from global stocks into bonds

(He hasn't mentioned the huge amount that's going to flow into property, that'll further compound the house price rises in Australia's Sydney and Melbourne....)

Hockey trying to calm the horses

The best thing Hockey could do to calm the horses is promise not to sit on one