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Summary
Something big is happening. You won’t be able to read about this big thing in the news. Or at least not in the headlines and the stories behind those headlines. You won’t see it in the data that most experts cite which merely reinforces their (negative) outlook for the global economy. You won’t hear about it talking to your friends and colleagues, who are likely uniformly telling you that…
Key Claims
- 2 © Property Sharemarket Economics THE CERTAIN RECESSION To remind you, even before 2023 had started, economists were almost unanimous in suggesting that we would suffer a recession. The headlines below were typical of what was flying around the world’s news this time last year. Source – The Guardian Source - CNBC Both the above were written in January 2023. And thereafter the news went from bad to worse. Property prices were falling. Inflation was stubbornly high. — confidence: medium
- 11 © Property Sharemarket Economics Source – Swarajya We have here a example of the many road and rail infrastructure projects underway across India. — confidence: medium
Notable Quotes
“It’s important to track this (as we do) because nominal economic growth is closely correlated to changes in the money supply.”
“This is what Akhil Patel, the PSE co-Director, had to say about it in his brilliant recent book The Secret Wealth Advantage.”
“Remember though, government spending on this is a combination of bonds and lending.”
“And so ends our review, using the lens of the real estate cycle, of what I think were the key turning points and clues during 2023.”