Here at Oikos we like to go easy on the analysis and focus on the big issues.The latest post at Institutional Economics talks about the Reserve Bank of Australia's recent statement on monetary policy. I'm sure there was some insightful analysis there (something about relative valuation levels coming back down to earth or something) but I missed it because I was fixated by the above graph of the ratio of Sydney house prices to house prices in other Australian capital cities over the last 12 years.
Has anyone else noticed the top half looks just like a map of the top half of Australia??
SPOOKY!
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