There are lots of ways to show Australia and Canada have overvalued/bubbly housing markets. This one jumped out at me: construction cranes working on residential projects.
Sydney has 239 cranes in operation.
USA and Canada combined: 194.
Negative gearing:
The full chartbook is here: CANADA,AUSTRALIA & THE U.S. – ONE OF THESE THINGS IS NOT LIKE THE OTHERS
A podcast with Josh Steiner goes into the details here: Global Housing Market Analysis.
This is consistent with my intermediate-term outlook, that the next global recession/financial crisis will be China-centric.
S&P 500 Approaches 100-Day Moving Average: Is Now an Attractive Time to Buy
Stocks?
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What a difference a week makes.Last week, the stock market changed its tune
from up, up, up,... to up, down, up, down. That made it feel like investors
wer...
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