ASX: The local share market is expected to rise this morning in the first session of 2023.
China uncertainty: It’s 2023 and COVID is still playing games with the global economy.
"Clearly, when the Chinese market and Chinese suppliers are such a substantial part of our own economy, people - not just business leaders, but economists and others - have their concerns about the impact of this COVID wave in China on our economy. I share those concerns," he said.
Home prices plummeted another 1.1 per cent in December, CoreLogic data found, amounting to a 5.3 per cent total decline in 12 months.
Government modelling shows numbers rebounding to about 235,000 people per year on average, with the rapid return of international students underpinning the recovery.
Tadgell said shares were reaching a "real pivotal change" after 30 years of declining interest rates driving markets.
Crypto: Speaking of a bad year for investors, crypto holders had a rough ride in 2022.
At the start of the year, the collective market cap of cryptocurrencies worldwide stood at US$2.2 trillion. As the year finished, that figure stood at just below US$800 billion.