Are the Central Banks creating another 2008 housing crash?
The source is Swiss Re, the world’s largest insurance company.
Their information was released today by their Chief Economist Asia, John Zhu.
It is in this two-page report:
https://www.swissre.com/dam/jcr:9eb5a9c9-c8a5-414f-8f11-f932743d9a92/EI-17-2022-housing-market.pdf
Zhu’s opinion is based on these three reports:
Annual Economic Report, Bank of International Settlements, 26 June 2022.
https://www.bis.org/publ/arpdf/ar2022e1.pdf
Economic Insights: Goodbye to all that: central banks step into a brave new world, Swiss Re Institute, 21 June 2022
Financial Stability Review, Reserve Bank of Australia, 2022
https://www.rba.gov.au/publications/fsr/2022/apr/household-business-finances.html