Wow.

After all the hoo ha yesterday about the RBA & #39;halting the real estate market& #39; I just went & read the email exchange.

Many articles and Twitter warriors are grossly exaggerating the comments for a headline or retweet. How many have actually read the comments in context?

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">

Nick emails colleagues pointing out that housing price data may not be reliable given the conditions under which real-estate agents are operating. In light of this he initially suggests & #39;price data& #39; should be paused, so as not to have people MISTAKENLY think prices are crashing.

His colleague, Richie, replies. He agrees that the market conditions will mean getting a read on prices will be difficult, but doesn& #39;t think price developments should be written off in the way described by Nick.

Nick replies worried that the inability for inspections could result in a few desperate online sales skewing the data.

He makes what looks like an & #39;off the cuff& #39; suggestion (to me) about halting all established dwelling sales.

In my opinion, one economists off the cuff suggestion in an email to a few colleagues does not mean "the Reserve Bank" considered anything. Candid discussions like this are needed at a time of crisis, I don& #39;t think it& #39;s helpful to pick them apart for a headline in retrospect.

I would love to be a fly on the wall at the RBA when articles like this start hitting the wire.

I wonder if Nick got some ribbing at the office about his comments being picked up for this story https://abs.twimg.com/emoji/v2/... draggable="false" alt="😄" title="Lächelndes Gesicht mit geöffnetem Mund und lächelnden Augen" aria-label="Emoji: Lächelndes Gesicht mit geöffnetem Mund und lächelnden Augen">