Why the bullhawks are wrong again

Monday, 7 February 2022

Chris Joye with the note:

To be clear, our October 2021 property price forecasts remain unchanged.

Cheap money gave us capital gains worth 26 per cent since their September 2020 nadir, which is in line with the 20-30 per cent we had been looking for. Reduced purchasing power will take some of this away.

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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.