Today Macrobusiness reprised its housing oversupply fantasy, repeating exactly the same arguments, but adding a few new charts.
Macrobusiness misunderstands EZFKA, doubles down on housing oversupply fantasy, gets ready to be monstrously embarrassed
Macrobusiness stumbles upon awful effects of its prescription, mistakes them for ‘paradox of thrift’
Over at Macrobusiness today, the boys discover that
Data released this month suggests Australian households are deleveraging at a furious pace.
https://www.macrobusiness.com.au/2020/10/the-great-aussie-household-deleveraging/
and incorrectly conclude that households are caught in a paradox of thrift:
18 months on, Macrobusiness loses a little naïveté, grumpily accepts the housing boom
After another 18 monthstm of denial, today the blokes at Macrobusiness seem to have understood what happens to EZFKA housing prices when interest rates are dropped and people, like, still need somewhere to live:
Tudge swings open EZFKA gate. Uses opportunity to pork up dodgy “colleges”
The SMH is reporting that
The federal government is promising it will not block foreigners who don’t speak English from obtaining visas to marry their partners following a backlash to an English language test announced in Tuesday’s budget.
MacroBusiness confuses stocks with flows, declares property demand problem as it cruises around all time highs.
At MB today, apparently
The data speaks for itself…. Absolutely the Australian property market is facing an acute demand problem.
There are some scary charts, too, with steeply declining lines:
Logistics specialist does runner after crashing truck
Owing to the terrible skill shortage amongst legacy EZFKA residents (and their refusal to accept illegal conditions), multiple logistics specialists have had to be imported to drive trucks.
Macrobusiness bemoans lack of economic debate. Joins in chorus for more EZFKA rate cuts and gas imports
At MB today, apparently:
But hey, it’s not much of a “debate” if all you do is constantly cry out for lower rates