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.
Aristocrat Leisure Completes Acquisition of Neo Group Ltd. (f/k/a NeoGames)
for $29.50 per Share
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LUXEMBOURG, April 25, 2024 (GLOBE NEWSWIRE) -- Neo Group Ltd. (formerly
known as NeoGames S.A.) (Nasdaq: NGMS) (“Neo” or the “Company”), a
technology-dri...
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