The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Sunday, July 18, 2010

Does anyone want to short the Australian housing market?

The Economist claims that Australia has the most overvalued housing market in the world (by around 60 per cent). Of course, The Economist has been saying this for around a decade and the numbers they use are actually wrong. Nevertheless, there has been speculation that offshore hedge funds have been shorting Australian banks in order to indirectly trade the local housing market. GMO's Jeremy Grantham believes this story, and he is no fool. So if you are genuinely interested in taking this trade in relatively large volumes, we might be able to help you out. You can get in contact with me here: info@rismark.com.au. Only serious enquiries will be greeted with a response.
at 9:23 AM