ABS East panel says Shiller wrong on housing bubble call

Source: Queensland Audit Office. By 31 October 2018, we had issued 91.6 per cent of the audit opinions for financial statements requiring an audit for the 2017-18 financial year. At the same time in 2017, it was 94.9 per cent. We issued unmodified opinions on 97.1 per cent of the 2017-18 financial statements.

From HW: A panel of esteemed housing experts speaking at the ABS East 2013 conference underway in Miami disagreed on Robert Shiller’s recent call that U.S. housing is in a bubble. Moderator Howard Esaki, managing director at Standard & Poor’s, who himself puts out regular morning emails encapsulating finance news, played a video on Bloomberg [.]

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