6min chapter

The Joe Walker Podcast cover image

Housing Bubble Week: Speculation And Unchartered Waters - Chris Joye

The Joe Walker Podcast

CHAPTER

The Similarity and Differences Between Australia and Ireland

I think everyone wants to be the next Michael Barry. I thought that you, Marshall, more facts and we're just more convincing. But there are a couple of things I didn't agree with that you said. The likelihood of default is caused by two things. One falling prices and two unemployment. We have had some pretty big interest rate shocks in Aussie housing market. Not withstanding that we have seen house price falls, but we haven't seen increases in a few years. If we get a big increase in unemployment, which we'll come to, and we get a deep recession, I personally think the next recession will look very, very different to 1991. And I do think we

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode