photo credit: azrainman Will it ever be learnt? The Greenspan playbook of cutting interest rates pushed the asset bubble ever higher and higher in the early to mid 90’s. Now Australia’s Reserve Bank governor Glenn Stephens is endeavouring to do the same. And gee whizz the markets rally. Surely this is an act of panic. Yet again a central bank … Read More
Renegade Economists Show 56
photo credit: thelastminute Summary The Earth Belongs to Everyone – that’s the title of the new book by last week’s guest, UN rep Alanna Hartzok. She discusses why wage/ rent slavery is no different, if not worse than outright slavery. US dramas and a touch of Garnaut fill the show. Below are the notes host Karl Fitzgerald scurries through as … Read More
Land Supply chestnut rolled out again
photo credit: _temaki_ Buyers look for existing houses as land prices soar rolls out all the old chestnuts: Economic forecaster BIS Shrapnel says the demand for newly built houses is dropping off as the cost of land soars. It says the limited supply of new land has led to the growth in land prices outstripping the growth in house prices … Read More