Steve Keen's Debtwatch

If you missed the inter­view live, here is the pod­cast link:

http://www.bbc.co.uk/iplayer/episode/b01j5h51/Analysis_Steve_Keen_Why_Economics_Is_Bunk/

And here is the tinyURL equiv­a­lent:

http://www.bbc.co.uk/i/b01j5h51/

Going live in 2 min­utes. Click below to lis­ten:

http://www.bbc.co.uk/radio/player/bbc_radio_fourfm

By Craig Tin­dale

There is a cri­sis of con­fi­dence unfold­ing in Chi­na that is like­ly to end in a full scale cap­i­tal flight and a dis­or­der­ly col­lapse in both eco­nom­ic and polit­i­cal cohe­sive­ness. The low­er­ing of the reserve require­ments for Chi­nese banks, while report­ed in the media as a loos­en­ing of cred­it, is more like­ly an ear­ly sign of cap­i­tal flight. Sim­i­lar­ly reflec­tive of this, are the large increas­es of gold pur­chas­es by Chi­nese cit­i­zens who have few diver­si­fi­ca­tion options away from the RMB.

The inter­view that Paul Mason con­duct­ed with me in front of an audi­ence of over 500 at the Lon­don School of Eco­nom­ics in April goes to air on BBC Radio 4 Analy­sis at 8.30PM Mon­day June 4th(GMT time of course).

Click here for Analy­sis’s pre­view of the pro­gram.

It was an excel­lent inter­view that went for well over 90 min­utes, and had quite a few ques­tions from the audi­ence. I am intrigued to see how it sounds in the 27 minute 30 sec­ond edit­ed ver­sion.

Click here for data in Excel: Debt­watch; CfE­SI
Click here for more data in Excel: Debt­watch; CfE­SI
Click here for this post in PDF: Debt­watch; CfE­SI

Who says Twit­ter is just fluff? Well, I did before Max Keis­er and Sta­cy Her­bert per­suad­ed me to sign up. I’ve since real­ized that it’s rather like a mod­ern ver­sion of the old-fash­ioned news wire ser­vices for the pub­lic. Choose who to fol­low, and they’ll keep you updat­ed on things that inter­est you. If that hap­pens to be Kylie’s waist­line or Kurt’s fideli­ty, that’s your prob­lem, not Twit­ter’s.

By Philip Soos

Source: The Con­ver­sa­tion

 

Since the begin­ning of the glob­al finan­cial crises in 2007, there have occurred numer­ous eco­nom­ic and finan­cial crises around the globe, plung­ing often pros­per­ous nations into hard­ship and even near bank­rupt­cy. These crises, typ­i­cal­ly gen­er­at­ed by over­lend­ing by the finan­cial sec­tor and crash­ing hous­ing bub­bles, are often blamed upon two par­ties – gov­ern­ments and banks – with con­sid­er­able jus­ti­fi­ca­tion.

There is, how­ev­er, a third vil­lain that bears pri­ma­ry respon­si­bil­i­ty for these dis­as­ters. While politi­cians, gov­ern­ment bureau­crats, financiers, bankers and the real estate lob­by have come under with­er­ing assault in the eyes of enraged publics, the eco­nom­ics pro­fes­sion has large­ly escaped the fury. Giv­en the impor­tance of this pro­fes­sion in struc­tur­ing eco­nom­ic and finan­cial pol­i­cy, the lack of atten­tion and account­abil­i­ty pos­es an inter­est­ing ques­tion as to why this is.

Kim Hill inter­viewed me about Debunk­ing Eco­nom­ics on her Radio New Zealand Nation­al pro­gram “Sat­ur­day Morn­ing” today. It was prob­a­bly the most in-depth inter­view I’ve yet done on the top­ics cov­ered by the book. This was my first expe­ri­ence of Kim as an inter­view­er, and I can rec­om­mend her pro­gram unre­served­ly after it.

Steve Keen’s Debt­watch Pod­cast

 

You can also down­load the pod­cast from here:

Kim Hill inter­view about Debunk­ing Eco­nom­ics

Here is great short video inter­view with the Wall Street Jour­nal explain­ing why 10 year US Fed bond yields are so low…

Krug­man would def­i­nite­ly sub­ti­tle a post like this “Wonk­ish”!

Click here for this post in PDF: Debt­watch; CfE­SI

This is a paper I’ve recent­ly sub­mit­ted by invi­ta­tion to an Aus­tralian eco­nom­ics jour­nal. I have been very qui­et on the blog while fin­ish­ing this in the last 2 weeks. I’m like­ly to remain qui­et for the next fort­night, since I leave for the Fields Insti­tute in Toron­to on June 1^st, where I’ll be work­ing for a month with the math­e­mati­cians there to ana­lyze and refine my var­i­ous mod­els of finan­cial insta­bil­i­ty. Gras­sel­li and Cos­ta Lima have already done a bril­liant job ana­lyz­ing my 1995 mod­el in this paper.