The Subprime Primer – Stickman style

Karl FitzgeraldCommentary2 Comments

With more banks reporting massive write downs this week (Bank of America reported a 41% drop in quarterly earnings), we thought it timely to publish this funny take on how the subprime banking model was supposed to work. Flick through this humorous powerpoint, complete with lively stickman descriptions on how this financial quagmire makes sense/ cents for some. Please Note: … Read More

Recession-Plagued Nation Demands New Bubble To Invest In

Karl FitzgeraldCommentary1 Comment

The Onion’s satire is often needed in times like these! The current economic woes, brought on by the collapse of the so-called “housing bubble,” are considered the worst to hit investors since the equally untenable dot-com bubble burst in 2001. According to investment experts, now that the option of making millions of dollars in a short time with imaginary profits … Read More

The Dangers of Resource Economics

Karl FitzgeraldCommentaryLeave a Comment

From the health of the Murray to the clean air politics of Emissions Trading, the news abounds of issues balancing on the crucial understanding of resource economics. Natural resources are unique in that they are the building blocks of life. They also have a limited supply. This makes them incredibly valuable. The source of their value is their scarcity. The … Read More

Global Haywire Film Night

Karl FitzgeraldCommentary, Past EventsLeave a Comment

The Comics of Economics
– featuring Ross Ashcroft
7pm, Thursday January 10th, Melbourne CBD

YYYY

In need of some FREE comedy to get your year on the roll?

Start the year laughing at the tightrope we walk juggling our finances. Ever wondered why it’s so difficult? Internationally acclaimed comedian Ross Ashcroft will take the mickey out of the structural reasons for our trials and tribulations, helping us laugh at the big picture causes. Ever wanted to laugh at why the top 10% own 80% of the planet and how little we address this core issue?

Garnaut’s Limitations

Karl FitzgeraldCommentary, True Cost Economics3 Comments

Following the release of this week’s Garnaut report on climate change, much has been made of the exemptions smokestack industries are lining up for. Another handy diversion is the debate over whether India and China wll be involved in any emissions trading system (ETS). Who put the carbon into the atmosphere in the first place? Both are wedge issues that … Read More