But it is very unusual in history for people to save as little from current income as they were doing by the mid-2000s. And it is very unusual, historically, for real assets per person to rise at 6 per cent or more per annum.
Glenn Stevens: Interesting times Address by Mr Glenn Stevens, Governor of the Reserve Bank of Australia, to the Australian Business Economists Annual Dinner, Sydney, 9 December 2008. *  *  *  It is a pleasure once again to address the Australian Business Economists. It was to this group that I gave my first speech as Governor, in October 2006.