The site “HomeLoanFinder” has published an amusing set of profiles of commentators on the Australian property market, including yours truly. As well as providing some cute caricatures, it gives contact details for us all.
Put your money where your mouth is! For some of these financial commentators that’s not always such a good idea. We take you through some of the loudest mouths in the home loan and housing industry.
The Number Crunchers |
By Thomas I. Palley
Steve did an interview with the Finance News Network that was released yesterday. Lelde Smits hosts the interview and asks why Steve Keen refuses to back down.
Below is the video from the online conference with Union Solidarity International (USi) held on Monday 30th July. USi is an organisation supported by major UK and Irish trade unions that aims to build grassroots international union solidarity using the latest technology.
According to the ABS series, house prices rose 0.5% in nominal terms in the June quarter, and were flat in real terms.
| Change in ABS Index | ||
| Date | Nominal House Price | Real House Price |
| 2010.75 |
-1.1% |
-1.8% |
| 2011 |
0.5% |
0.1% |
| 2011.25 |
-1.0% |
-2.5% |
| 2011.5 |
-1.0% |
-1.9% |
| 2011.75 |
-1.9% |
-2.5% |
| 2012 |
-0.6% |
-0.6% |
| 2012.25 |
-0.1% |
-0.2% |
| 2012.5 |
0.5% |
0.0% |
Thomas I. Palley
Senior Economic Policy Advisor, AFL-CIO
The Federal Reserve has now openly adopted a two percent inflation target, with both Chairman Bernanke and the Federal Open Market Committee publicly committing to holding inflation at that level. Though not a problem today, this two percent target represents a policy trap that will undercut the possibility of future wage increases despite on-going productivity growth. That promises to aggravate existing problems of income inequality and demand shortage.
Financial Self-Defense During a Deleveraging Cycle
By Paul Vallejo
It is always useful to read outside-of-the-box thinkers. It is a well known maxim in the investing world that “you cannot make money off of what everyone knows,” as market prices have already reacted to what everyone knows. This makes the field of personal finance something particularly dangerous to be overly reliant on widely held “expert” advice.
On Monday 30 July at 7am Sydney time and 10PM GMT on Sunday Steve will be partaking in an online conference with Union Solidarity International (USi). USi is an organisation supported by major UK and Irish trade unions that aims to build grassroots international union solidarity using the latest technology. Please visit their website for more information on the event.
As noted in an earlier blog post (A Galilean Gesture: Eating with Dr. Steve Keen), one of the attendees at the talk Jim Stanford and the Canadian Centre for Policy Alternatives organized for me in Toronto was the blogger Genevieve Tran, whose cause is improving financial literacy. She persuaded me to take one day off from the Fields Institute while to visit Toronto’s Centre Island–a combined park and nature reserve just a kilometre or so offshore. As we wandered among the ducks and geese (but completely failed to connect with the peacocks), she grilled me about strange species of which I am undeniably one–the Tyranosaurus Economist. Here’s her take on the conversation (you can read more of Genevieve’s take on money, the universe, and everything at her blog Money Big and Small).
The Euro is the national currency of a country that does not exist. Though there is a continent of Europe, as there is of America, there has never been a country of the United States of Europe, and there probably never will be.
The Euro is therefore not a currency as is the American dollar, and yet it is forced to masquerade as one—badly—by the Maastricht Treaty, in which the countries of Europe abandoned the right to produce their own genuine national currencies.
