Hempton: Sydney houses going to $1

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Now that is bear porn, via The Jolly Swagman comes John Hempton recalling his hedgie sting in Sydney’s west a few years ago:

“It was pretty clear bad practice was ubiquitous and the further you went from the centre of Sydney the worse it got,” he said. “In particular if you went north and west. Norwest Business Park, Kellyville, Rouse Hill, they were surreal, whereas if you went south and west they were just wacky.”

“The expression they used, and we kept hearing it again and again and again, is, ‘I know a bloke who can get things done”.

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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.