AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The State of Long-Term Expectations
There's no doubt that's evidence of a bubble. There's not great long-term expectations survey data for Australia. We have the West Park and Melbourne Institute surveys but they only survey house price growth expectations for the next year. I'd love to get some long-run stuff because the whole point of chapter 12 of Keynes' general theory was the state of long- term expectations. These vague ideas about the future, play-roll, informing, bubbles.