Even the industry people are now saying that property prices in Australia have gone nuts.
Australians' obsession with housing continues apace.
In the financial markets, facts tend not to matter. Rather, it is the perception of the facts that are paramount, and we are in a world of fake covid news.
With money locked in Australia because of border closure building is booming. But reopening the borders will be crucial if demand is to be sustained.
Is the US Federal Reserve raising rates to defend the $US? It may trigger debt (leverage) eruptions.
The covid crisis has shown that we believe the measurement of reality is more real than reality itself.
No-one knows when the music will stop in financial markets. At the moment it is blaring away.
The most important question facing investors is what will happen with interest rates, which depends on what happens with inflation.
Lockdowns in the major states are leading to brokers downgrading their forecasts for the Australian economy.
Recent wipeouts of US-listed Chinese stocks provide a harsh lesson.
Is the effect of the pandemic fading?
Since the global financial crisis assets have soared in value as interest rates fell. But is the game about to be up?