OurFinanceBlogs.com - Australian Finance Blogging Community

Soft landing hope built on faulty framework assumptions

Posted by cij on Jan 5th, 2009

Looking forward, what will happen to Australia’s economy in 2009? Currently, the mainstream economic forecast is for a soft landing. As Shane Oliver was quoted in this article,
But with the economy on track for a mild recession…
Shane Oliver’s opinion is fairly representative of the mainstream economists, which include those bureaucrats in the Reserve Bank of [...]

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Interviewing Steve Keen for the upcoming property forum debate

Posted by cij on Sep 24th, 2008

In Upcoming forum debate: “Property 2009: Crash, Boom or Stagnate?!”, we announced that for the upcoming property debate on 15 October 2008, we will be “inviting the various high-profile experts to this debate.”
Today, we would like to announce that Associate Professor of Economics and Finance from the University of Western Sydney, Dr. Steve Keen, [...]

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Is this the beginning of the loss of confidence in fiat money?

Posted by cij on Sep 23rd, 2008

Events from the past week are tumultuous. It started from the nationalisation of Freddie and Fannie (we were mulling about the implication of nationalisation 2 months ago in How do we all pay for the bailout of Fannie Mae and Freddie Mac?). Then came the bankruptcy of Lehman Brothers and takeover of Merrill Lynch. Then we have the nationalisation of AIG. Gold prices surged by more than US$100 in two days (it had declined since), which was the most rapid surge in 26 years.

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