Feb 4, 2010

We know we’re not part of Australia – even if the rest of the world doesn’t – but we’ve posted this article under the “New Zealand Articles” heading, as where the Aussie housing market goes generally so does ours.  It also discusses the NZ housing market in terms of affordability or rather it’s unaffordability. ...

Is there an Australian in the house?  Today, yes there is.  For any of our Australian brethren reading we feature some thoughts from one of your countrymen.  Steve Keen was one of the very few academic economists worldwide that predicted the current debt fueled financial crisis as far back as 2005.  He writes regularly on his blog here. He gives his...

As usual in these weekly musings we present you with interesting items we’ve come across during the week…  From Bill Bonner of the Daily Reckoning comes this little summary. Let’s get this straight. Household credit is shrinking… Profits are shrinking… Employment is shrinking… Housing values are shrinking… The wage base is...