Thursday, January 2, 2014

The Australian Housing Market Is In A Bubble

If you have been lucky enough to have owned Australian real estate over the last few years, you may want to take profits. The Australian housing market is in a bubble and is very susceptible to a housing crash. The likely catalyst for the sharp decline would be a major slowdown in China, which would depress demand for commodities. - in Commodity Online, a snapshot of The Gloom, Boom & Doom Newsletter

Tickers: iShares MSCI Australia Index Fund (ETF) (NYSE:EWA), National Australia Bank Ltd. (Public, ASX:NAB), Australia and New Zealand Banking Group (ASX:ANZ), Westpac Banking Corporation (ASX:WBC)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

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