Via CoreLogic, stock on market has fallen right back now:
Mortgage issuance is firm though not tearaway, roughly flat year on year:
Still looks OK for the L-shaped recovery thesis. The biggest worry is stock. Full report.
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.
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