Better 5 years late than never.
The AK Thread
Posted 02 May 2012 - 09:26 AM
Posted 02 May 2012 - 11:36 AM
Posted 07 May 2012 - 09:28 AM
Posted 07 May 2012 - 09:59 AM
Posted 07 May 2012 - 01:03 PM
Societe Generale's Dylan Grice?
His recent observation...
Mr. Grice points out that Australia has five of the world’s 15 most expensive cities (Sydney, Melbourne, Adelaide, Brisbane and Perth), has seen household debt to income rise to 150% from 40% in the 1990s, and is running a current account deficit despite the terms of trade improvement caused by the commodity bull market. If Chinese commodity demand falls, things could look rocky.
But more than that, Mr. Grice detects an element of hubris creeping in: a recent book by Australian journalist George Megalogenis argues that there is an “Australian miracle.” That, he concludes, makes him particularly worried.
Posted 15 May 2012 - 09:49 AM
AK is dropping more hints and clues to our own massive housing bubble. He said the chart dating back to 1880 shows what a huge bubble US housing had in real terms. Hopefully, AK will overlay Aus house prices with that chart in the coming weeks and stir up the masses
Chart 2, a prime example that markets react pretty much the same in the end.