afr page 52, page-6

I just read the article in question

Here's a choice quote from Jason Anderson, BIS Shrapnel:
"Unemployment can rise a lot further than the target level of 7% and we'll still have a strong housing market. In fact, the higher the unemployment rate goes to a degree, the lower interest rates will go."

What are these guys smoking? A bull arguing rising unemployment is good for house prices really takes the cake.