HOW BANKING ECONOMISTS MAKE THEMSELVES LOOK SILLY

http://news.domain.com.au/domain/real-estate-news/housing-bubble-claims-sensationalist-with-no-pop-in-sight-20150519-gh4s9t.html

National Bank of Australia chief economist Alan Oster says “no bubble exists in Sydney or Melbourne ….. traditionally you’d expect to see the ability to borrow against the house price would be historically high, you’d expect to see very fast growth in credit funding it.”

¬†Yes, you would, wouldn’t you? As below, perhaps?

Untitled

[Hat-tip to LF Economics!]