The caveat has to go up front: given his propensity for lying, exaggerating and generally raving, nobody can know what Donald Trump will actually do as president. He probably doesn't know himself.
But according to the bond market reaction, he will burst Australia's east coast housing bubble by causing interest rates to rise.
Quote:
That would be the relatively nice way to prick the bubble. The more common fear is that he could start a trade war with China that would cause a global recession – one we wouldn't escape. That definitely would not be a nice way to achieve lower housing prices. So let's hope there is enough sanity left in Congress to prevent such madness and just consider the more benign interest rate story.
The Bloomberg poll of 27 local economists ahead of the Reserve Bank board meeting on Melbourne Cup day found a majority of them forecasting another RBA rate cut or two by the middle of next year. Nobody was forecasting a rate rise.
"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
His big infrastructure plans will cause commodity prices to soar, helping to drive the new Perth property boom which kicks off next year.
So you're either trolling, or going back on you earlier arguments that there's no correlation between the price of commodities and australian property.
Regardless, America will have more than enough steel/copper from the detritus of 150 years of large scale industrialisation/comsumerism sitting in its junkyards to source any upcoming infrastructure boom.
The only thing driving the mini revival in commodity prices now is Chinese margin lending accounts, once these all dry up KERRRASH, it's back to the bottom we head.
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness. "Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
His big infrastructure plans will cause commodity prices to soar, helping to drive the new Perth property boom which kicks off next year.
I can't stand Trump, but he just might change the way the people of the world view public spending if he powers on the economy in the USA, which just could very well ripple across the globe.
Take risks - if you win you will become wealthy, if you lose you will become wise
I can't stand Trump, but he just might change the way the people of the world view public spending if he powers on the economy in the USA, which just could very well ripple across the globe.
The 'Donald Dribble Down Effect'.
Cool.
WHAT WOULD EDDIE DO? MAAAATE! Share a cot with Milton?
I can't stand Trump, but he just might change the way the people of the world view public spending if he powers on the economy in the USA, which just could very well ripple across the globe.
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