No Picture
Australian Economy

Fund Manager can’t understand why people [Joe Hockey] feel the need to say a market is not in a bubble.

In our last post, we quoted Australia’s Treasurer, Joe Hockey when interviewed on CNBC in New York denying a bubble exists in Australia’s overheated property market. Last fortnight, The Australian Financial Review’s Christopher Joye interviewed First Eagle portfolio manager Matthew McLennan. Q: You are clearly very knowledgeable on the Australian

No Picture
Australian Economy

Joe Hockey – No housing bubble, we are different!

Australia’s Treasurer, Joe Hockey, has been caught in an interview on CNBC in New York shamelessly spruiking the Australian Real Estate market. The interviewer asked Hockey, “Let’s talk about the Australia housing, a very favourite topic on my own, close to my heart as I have a home in Sydney