i remember... oliver was one of the first ones to put up the "long term price" argument
(waaaaaaaaaaay back in the early 'naughties'...if not earlier...as an AMP economist)
we were using his chart 3-4 years ago to prove long term overvaluation (even though some of the posters didn't know that it was his)...even on this forum...
now he's become a little more moderate and he's trying NOT to use words like bubble,crash and gnash...but more like a correction,deflation or long term stagnation...
...although "30 % overvalued" is pretty close to 40% correction uber bears are calling for AND the 'vampire squid of capitalism' Goldman Sachs agrees with that 30% valuation !!!
coincidence ?
what rucuss? there's no need for that any more !
property is falling !!!
didn't we get enough proof?
you would really have to be slow NOT to have gotten that by now !
