2min chapter

The Joe Walker Podcast cover image

Markets And The Madness Of Crowds - Robert Shiller

The Joe Walker Podcast

CHAPTER

The Second Phase to a Housing Bust

In Australia, we started cutting interest rights in December 2011. Well the US had already pushed them down to zero. If you plot London and Boston, England and Boston, Massachusetts, they look surprisingly similar. So it seems to me that world real estate culture, or at least not say word for English speaking countries, Anglo-Saxon countries. We're like all one country. We have one story. And I think that'll be because expectations are there. They're intact. Didn't the biggest price decreases occur more like one year ago? And the de-creative decrease has been slowing down. For a year or so? Correct. You can probably extrapolate, not with 50%

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