From Adam Creighton comes the return of the Big Australian Short:
The hedge fund consultant who made national headlines for his “big short” housing report has attacked regulators for acting too late to cool the “bubble”, claiming they ignored their own warning signs and were hostile to suggestions property was too expensive.
Jonathan Tepper, the Rhodes scholar who in February last year warned that Australia had “one of the biggest” bubbles in history, also warned that the banking system was “unstable” and that Australians were living in “fantasyland” about the impact of slowing construction on the economy.
