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.
Schedule for Week of May 5, 2024
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This will be a very light week for economic data.
*----- Monday, May 6th -----*
2:00 PM: *Senior Loan Officer Opinion Survey on Bank Lending Practices* for...
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