Homer Hoyt

The warning lights are still flashing for real estate investment trusts, or REITs as they're known.

With more rate rises expected, economists strongly anticipating that the Reserve Bank Board will lift the cash rate for a fourth time this year when it meets next week.

It's very obvious, guys.

Property is getting smashed from all angles.

AFR reports the jobless rate rise unexpectedly to 4.6%, the highest since 2021.

An unexpected rise in the unemployment rate to its highest level since 2021 has done little to change the all but certain chance of an interest rate rise from the Reserve Bank next week.

even as economists expect the labour market to soften further.

Data from the ABS released on Thursday showed unemployment rate rose to 4.6%, up 4.5% the previous month, even as 39,500 people found work.

And we were talking about this idea of It's like 18.6 years on average is this cycle that it goes through, which interesting, 18 years ago right now was 2008, like right when the bottom fell out of everything.

But there was this economist named Homer Hoyt.

He kind of pointed out something very interesting, how these different life cycles of the economy can actually look quite different depending on different cities.

Like in Chicago versus L.A. versus New York, it might happen every... 20 years or 35 years or three years or 14 years.