Chris Joye on Keen's 40% house price fall and it ain't pretty | Episode 2 | Switzer TV

First up is Julia Lee of Bell Direct and Michael McCarthy of CMC Markets to look at the winners and losers on the stock market. Charlie Aitken and Paul Rickard will tell us how they're investing this week and finally, Chris Joye will bag those who think a 40% house price fall is on the way!

Julia Lee & Michael McCarthy: 1:24
Charlie Aitken & Paul Rickard: 12:20
Chris Joye: 22:50

[CharlesOwenVALUEOFEVERYTHING]

Worry when people praise riskier lending practices. The smart ones are getting out now.

[jamesmccarthy]

How can encouraging people to take on even more debt be a good thing? When interest rates inevitably go back up, even a little bit and people can’t afford the repayments and default how is this a good thing?

[josephwilkes]

The challenge with Mr Joye is that his story keeps changing by the week. I heard him on a jollyswagman interview/podcast last week where he said that personally he was renting. This week his mortgage is 3.5%. Renting or owning Mr Joye which is it? In between all the sniffing he does when being interviewed, something smells wrong with his story. As for the attack on Mr Adams. Well that was just bad form.

[brentonw]

“Less persecution for the banks, better for the

Royal Commission? 🤦🏻‍♂️

[richardshaules]

@32:15 "We can service much more higher levels of debt safely and responsibly." Tell that to those in negative equity...

@33:10 "Aussie housing prices aren't remotely expensive." Didn't realise this guy was a comedian! I almost though he was serious for a minute!

[jaybee]

Calling people ‘aggressive’ ‘nutcases’ because they have a different opinion to you? Sounds like something an aggressive nutcase would say...

[Natpoo]

Very low volumes, hard to say a recovery is on the way

[amraceway]

Oh joy of joys as we march headlong into ever increasing debt.

[magnumopus]

He calls Keen and Adams "nutcases" and yet one of his possible outcomes is essentially very similar to their central case. Hands up if you think Australia will go 35-40 years without a recession? This debt bubble will blow, it's just a matter of when global systemic risk manifests itself again and crushes confidence and the job market.

[jasonp]

Switzer, great video, thx. Re APRA announcement, how does that reduce mortgage stress which is caused by a household struggling to cope with all expenses. Sure rate cutes by RBA, if passed on, will help. Serviceablity and unemployment will always be the key. Also if these moves improve burrowing capacity by 20% all sellers do is raise prices, so much for housing affordability. The govt is just inflating a housing bubble, which at the very least, is a huge waste of Aussie capital that could be invested elsewhere in our economy. Can you ask the politicians to disclose their property portfolio ... 😋

[greengrass]

This bloke has concussion from upper cut Adams

[bryanseidel]

Who says the banks will pass on the rate cuts

[DesireempireTV]

Really good Peter. Thanks a lot. I'm off to listen to Complexity Premia Thanks for the tip. Love Julia
and all the team too.

[minimumtrade]

RBA is providing instructions and ammo in an attempt to engineer housing credit growth maintained at 3-4%pa

[pauljbusby]

250 Billion in Home Loans going from IO to P&I over the next 3 years. Joye goes to tears

[scottmurphy]

Cutting interest rates isn't a sign of a healthy economy! Savings/capital and manufacturing drive real growth. Watching Switzer (the real-life crypt keeper) discussing Interest rate cuts benefiting people who over leverage makes me want to vomit. That's until I watch Chris ( the human beachball) Joye. The unnatural acts from APRA / RBA and the LNP only allow you to kick the debt can down the road.

[infernotrout]

John Adams livershot got this guy rattled....Bubble boy Joye wants to keep the bubble inflated

[minimumtrade]

Has Joye done any modelling for this 1 in 2 scenario, as the trade war ramps up, they've maxed out their RRR and they then have to deval the RMB by 30%+ overnight? I don't know the answer...

[steshaw]

Joye, why does it even matter that house prices go up?

[mikestanmore]

What will Chris Joye be doing for a living in eighteen months' time? House price Fortune Telling doesn't appear to be his forte. Maybe he could become a pollster.