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
Renegade Economists Show 55
photo credit: h.koppdelaney Shock Doctrine of Bankers Bailout Download the Renegade Economists Podcast now! Show Notes – 24/9/2008 Karl & Andrew cover the US financial woes amidst the shock of proposed US electoral roll reforms in Michigan, where voters will be struck off if their house is foreclosed! The property boom-bust cycle is explained with a prominent local example, also … Read More
Wall St Transparency
photo credit: Ryan McD It seems like American’s have finally cottoned onto this Administration. Michael West sums it up: HENRY Paulson has got to be kidding. He wants American taxpayers to hand a cool $US700 billion ($A833 billion) to his pals on Wall Street in return for a gigantic bundle of their delinquent assets … without his pals taking a … Read More
Pumped Money Supply – No Wonder Oil Peaks
With oil surging $15 overnight to record levels for a single day’s trading, one wonders if economic theory is understood by Paulson’s panickers. With US$247 billion pumped into the global banking system over the last week by the world’s central banks to assist liquidity in the short term money market, one wonders why the US Fed now jumps to the … Read More
US Banking Intervention
Michael Hudson on the highly respected Democracy Now, telling the inside story on the bankers bailouts. Hudson was recently interviewed on the Renegade Economists, giving insights on the banking system like few others can. Skip to the 10 minute mark if time is your issue, that’s when host Amy Goodman introduces the Hudson segment. However, it may be worth watching … Read More