Howard Mark's Report on the Australian Housing Market

Howard Mark: So I'm going to ask you a couple of questions in my own about the Australian housing market. And then I've got some listener questions which are far off to you kind of rapidly. Great. All right. My first question is, as you notice, Howard Mark says that that being early is another way being wrong and you started your famous report about the Australianhousing market was in early 2016. I mean, it looked like building permits had started paking back then, but credit hadn't really decelerated. So why, why did you call price falls so early? Well, we weren't specifically calling for price falls starting like that very month that we put the report