GDP print bit of a non event
But the media will love it big time
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GDP print bit of a non event
But the media will love it big time
No different here ..I'd say even worse
Aussie Housing Market is a ‘Ponzi Scheme’ says Top CEO
https://watch.adh.tv/the-other-side-...e-says-top-ceo
all hail the AI lol , anyway the rally continuing as i say last week its broadening now :t_up:
might be some profit taking soon though as indicators getting overbrought in some area's
shame NZ market hasnt participated
Today is 3rd Friday of the 3rd month ....so can expect some fireworks if any ...we have a sleepy market as it's worried about Election outcome also in addition to so many others ....
The S&P500 is 8% from its highest extreme in history.
Go the US markets
Perma Bull labelled Tom Lee turned out to be most right ...being acknowledged on CNBC ... Bulls have it ...but our Bull was labelled perma bear here !!!
Thanks. Listening to Mike Hoskins this ,owning I thought it was just NZ that is a basket case.
[ QUOTE=JBmurc;1008007]No different here ..I'd say even worse
Aussie Housing Market is a ‘Ponzi Scheme’ says Top CEO
https://watch.adh.tv/the-other-side-...e-says-top-ceo[/QUOTE]
Thanks JB, found that very interesting and there are many parallels that can be drawn for NZ. I remember saying 10 years ago that I thought the Sydney market was in a bubble but rightly so someone said that immigration will keep it pumping, but that only works until it doesn't.
With unaffordable housing means interest rates have to stay low, however in an inflationary era you can't have your cake & eat it. 13 x wages is an incredible number.
When I was in Sydney last week I thought cost of most day to day things was similar to here, but I did see rents for a studio or 1 bdr in Bondi ranging from $650 - $1100 per week.
I suppose another outcome that wasn't mentioned is that property just plateaus for an extended period. Because if immigration is kept going at pace, the demand isn't going away.
The backdrop of the interview is exactly the view I had for the first 10 years working in Sydney on the 46th floor of Gateway. Just awesome.