2min chapter

The Joe Walker Podcast cover image

The Price Of Uncertainty - Chris Joye

The Joe Walker Podcast

CHAPTER

The Aussie Housing Market Will Bounce Back Strongly

I think the risk is hysteresis, which for those who don't want to sound like wanky, smart boughins just means some structural unemployment that becomes a permanent part of the system. Once you become unemployed and you lose skill sets, all those particular jobs permanently disappear - it's hard to reintegrate yourself into the labour force. But also substitution, I think, is going to be really interesting because even within services, okay, cafes, pubs, restaurants are hit, but then they're doing takeout. You're getting an enormous amount of consumption of door-to-door delivery services,. Aussie AAA rate of government bonds fell at 1.4% in the

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