The original wizard of Wall Street, W.D Gann was a finance trader and wealthy speculator that spent decades investigating cyclical trends in equity market pattens and found that prices could be predicted long in advance. He successfully predicted the crashes in the 1929 and Dot-Com stock market bubbles. And according to his analysis, the US stock market is due for another crash in 2020.
First home buyers face the highest price to income and deposit to income ratios, the lowest savings rates, runaway dwelling prices, weak wage growth, and a political establishment hell-bent on ensuring land prices keep rising, no matter the wider cost to the economy. Economists and co-founders of LF Economics, Phillip Soos and Lindsay David present best evidence the system is eating the young alive.
Australia cannot kick its addiction to private debt without severe withdrawal symptoms, to the extent that only another recession or Global Financial Crisis will force us to go cold turkey. Co-founders of LF Economics, Philip Soos & Lindsay David lead the intervention.