The Canberra talk will now start at 7.30pm. The venue remains the same: ANU Emeritus Faculty Fellows Lane Cottage; building 3T.
For more information, contact the Nature and Society Forum at office@natsoc.org.au.
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Keith Thomas said,
in March 17th, 2008 at 11:35 pm
Written an hour after the Canberra talk: Thank’s Steve for a very professional presentation with great graphics. I won’t pretend to have understood it all, but I am sure I got the “take home” message. So much of Australian life is viewed through the lens of American television so it was salutary to realize that we have the makings of worse economic problems in Australia in the next two years than they will have over there.
Ken said,
in March 18th, 2008 at 2:16 pm
There seems to be a belief that the problem in the US is restricted to subprime debt, so it wont happen here, but half their foreclosures are for other types of mortgages. Banks are also having trouble keeping up with the foreclosures, so it is no surprise that the value of any debt is becoming an unknown quantity. Meanwhile here it is business as usual. I’m waiting for the moment when the reserve bank drops interest rates and the banks simply increase their margins, as has happened in the US.
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