Fred Harrison Press Conference at the Foreign Press Association, London
Boom Bust video – $45 Trillion wipeout
As sharemarkets crash around the world, the wrong people are being bailed out. Lower interest rates, infrastructure projects and money for the AIG’s of the world will only prop up land prices. Infact, policy makers couldn’t do any worse if they tried. We actually need land prices to fall back to long term averages. About half what they are in … Read More
Renegade Economists Podcast 57
photo credit: Andrei! You can download the podcast by following these directions Show Notes R57 Recorded Wednesday Oct 8th The Looming Global Recession Prof of Economics Mason Gaffney joins us from the heart of the meltdown to declare that we are heading for Great Depression, yes Depression…We fly through the 18 year land cycle, how Reagan set this downward path … Read More
Reserve Cuts Interest Rates by a Whopping 1%
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