Another year, another doomsday theory for the housing market. And likely with it, a stack of book sales.
It has practically become an annual sport for Australia’s economists to swat away the latest predictions of researchers and think tanks who are waiting for the rug to be pulled out from under the property market.
“There have been numerous calls of a looming crash in Australian property over the last decade or so, but they have proved to be well off the mark,” said AMP Capital chief economist Shane Oliver.
“Lately it seems to me that some people have just seen The Big Short and want to be film stars.”
And some nice images too!
And no, they are not actual book covers, though they are clearly designed to make you think they are all a part of some fabulous publishing conspiracy.
So far as I can tell the Domainfax argument boils down to “you wrote a book and therefore worship Satan”.
For future reference:
- Harry Dent is a demographer;
- Steve Keen is an economics academic;
- Lindsay David is a consultant and business owner; and
- Jonathon Tepper is a hedge-fund manager.
None of them is a crazy book-income dependent Devil-worshiper.
