Money and Finance
Is Australia’s housing bubble bigger than the one in the US?
Steve Keen answers.
The Australian housing bubble is categorically larger than the USA’s, though in standard bubblology talk, the main reason that it is—that it was far more a pure speculation on prices than the American bubble—is touted as one of the reasons that “Australia is different” and a crash won’t happen here.
Before I elaborate on that point, here’s the data.
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Straight Talk with Steve Keen: It's All About the Debt
Steve Keen's Presentation at the AEA
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Paul Mason Interviews Steve Keen (audio)
Newsnight economics editor Paul Mason interviews the controversial economist Steve Keen before an audience at the LSE. Keen was one of the few who predicted the 2008 crash. ..................... Related book: Debunking Economics - Revised and Expanded...
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Steve Keen, associate professor of economics at the University of Western Sydney, is becoming something of a superstar. He has been acknowledged as one of a handful of economists to have predicted the global financial crisis and now is a regular speaker...
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The End Of Australia’s $2 Trillion Housing Party - By Philip Soos
Found via the Corner of Berkshire & Fairfax. Executive Summary A great deal of debate has occurred in Australia on the notion that the residential property market may be experiencing a bubble, set to burst in a similar fashion to that in the United...
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Steve Keen's Presentation At The Aea
Link to: Steve Keen's Presentation at the AEA
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Related link: Two Recent Interviews with Steve Keen
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Money and Finance