Afterpay Valuation, page-390

It's very difficult to use Gov or business measures to work out what's happening with economy. for example, the Housing Expenditure Measure created by University of Melbourne assumes people on $42k have greater than 100% spending on " living expenses" but EXCLUDES housing.... think about that... this is the measure most banks use or used to do mortgages.... I emailed them once to check if my maths was wrong and they said it was working as intended and was above 100% at lower brackets...

Now imagine when some chart is done that says wage growth is fine compared to the HEM index or something... it would hide housing cost exclusion.

inflation and wages and other stuff is even more manipulated. you need to look at credit growth at lenders, wage growth in job adverts etc, alternative metrics... real inflation measures done by non Gov research firms....