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House Prices in Sydney Now the Second Least Affordable in the World

House Prices in Sydney Now the Second Least Affordable in the World

That Australia has one of least affordable housing markets in the world won’t surprise most. In a country where double digit yearly price growth is common enough, why would it?
The post House Prices in Sydney Now the Second Least Affordable in the World appeared first on The Daily Reckoning Australia.

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Happy Australia Day — Get Your House in Order

Australian households have the dubious honour of being one of the most indebted (as a percentage of GDP) in the world.
The post Happy Australia Day — Get Your House in Order appeared first on The Daily Reckoning Australia.

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Democracy Is No Better Than a Monarchy… or a Dictatorship

As near as we can tell, democracy offers no particular improvement over monarchy, theocracy, or even dictatorship.
The post Democracy Is No Better Than a Monarchy… or a Dictatorship appeared first on The Daily Reckoning Australia.

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Why the Market Gets it, and the Fed Doesn’t

This is a strange development. The market and the US Federal Reserve are diverging in their views. What’s going on? Has the Fed abandoned stock market punters? Is the famous ‘Fed put’ (the belief that the Fed will always support the market) a thing of the past?
The post Why the Market Gets it, and the Fed Doesn’t appeared first on The Daily Reckoning Australia.

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When Debt Turns a Bear Market into a Grizzly From Hell

The world has taken on $57 trillion more in debt since Lehman Brothers collapsed. So we’ll see the Dow below 6,000 before this is over.
The post When Debt Turns a Bear Market into a Grizzly From Hell appeared first on The Daily Reckoning Australia.

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