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May 20, 2019 | Australia Leads Canada in Mean Reversion of Household Leverage Bubble

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:

Seeing reality and recognizing self-destructive behaviour in others is usually easier than seeing our own.  Canadians have an opportunity for objectivity in observing Australia.  Many similar factors are weighing down the Australian and Canadian economies today as their shared 2001-2011 commodities boom cycle and 2002-2017 secular real estate/credit expansion proceed through an equal and opposite period of mean reversion in both countries.

In this video, Martin North of Digital Finance Analytics goes over the latest news & data points affecting the Australian Housing Market. This is our monthly segment to dig a bit deeper into what is taking place in our backyard. We’ll also examine the Australian economy and what we can expect moving forward. Here is a direct video link.

Also see the Globe’s article yesterday Bubble trouble: in Vancouver’s housing market, pain has set in.

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May 20th, 2019

Posted In: Juggling Dynamite

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