Gotti: Property bust to crash economy

Friday, 16 November 2018

From Gotti today:

This risk was made very clear to me when I attended this week’s FINSIA Regulators luncheon, which was addressed by senior officials from the Reserve Bank, APRA and ASIC.

…It was apparent from the speeches at the FINSIA lunch that there is no clear understanding of what is ahead. Currently there is a well overdue correction in dwelling prices taking place and if that is as far as it goes the economy will take it in its stride. That’s why the current economic figures are so strong.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.