This is an edited version of a live discussion about the current economic outlook with Leith van Onselen, Chief Economist at Nucleus Wealth and Co-founder of Macrobusiness.
Links to upcoming events: Meet the Managers Forum Wednesday 19/10/22 6:30-8pm:
The latest from the REINZ shows home prices continue to ease, and they are getting into troublesome territory. That said, the REINZ still managed to spruik property, nevertheless.
This is my edit of a discussion I had today about the Property Market as part of an online event run by Greg Owen from Goko which included Harry Dent, Peter Schiff, Gerald Celente and Robert Kiyosaki.
I discuss the current property market, how we got here, and what may happen next.
Go to the Walk The World Universe at https://walktheworld.com.au/
The Reserve Bank of NZ lifted the cash rate another 0.5% to tackle inflation – and is taking a different tack to the RBA, where home prices are falling faster. Expect high rates and more falls ahead, in both countries.
Go to the Walk The World Universe at https://walktheworld.com.au/
A September economic update, which highlights why things are going to get interesting in the weeks ahead. Central banks have a headache, as inflation still burns stubbornly hot, but financial stability issues are also emerging, so they have some tricky decisions to make.
And yet the FED has said a property price correction, and stock market correction would be “helpful” in the fight, to say nothing of a rise in unemployment.
Whether we hit a recession or not, in the short-term rates are going higher. This will have significant knock-on effects. Home prices will slide further, and markets will drop again – as they often do in October.
Go to the Walk The World Universe at https://walktheworld.com.au/
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