Talk Tonight & Today Tonight

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The Today Tonight seg­ment has been delayed till this evening (Wednes­day Feb­ru­ary 4th)–which is a pity in a way because I will also be speak­ing at a pub­lic forum tonight at Cir­cu­lar Quay organ­ised by the Prop­er­ty Knowl­edge Forum: An excerpt from the pro­mo­tion­al fly­er:


When will the bot­tom hit? Are we in store for 40% drops in prop­er­ty or has the recov­ery already begun?

It is almost impos­si­ble to escape the neg­a­tiv­i­ty sur­round­ing the glob­al eco­nom­ic cri­sis. While many experts pre­dict the worst eco­nom­ic cri­sis of our time oth­ers point to pos­i­tive indi­ca­tors such as pop­u­la­tion growth, sup­ply short­age and dif­fer­ences to the US and for­eign mar­kets. Is the gov­ern­men­t’s stim­u­lus mea­sures poised to com­bat what appears to be an inevitable peri­od of eco­nom­ic tur­moil or are we indeed enter­ing into a depres­sion where prop­er­ty prices may drop as far as 40%? Three of Aus­trali­a’s lead­ing thought lead­ers in prop­er­ty will help shed some light on the sub­ject, in what is promised to be an engag­ing and inter­ac­tive evening not to be missed!!

Speak­ers: DR STEVE KEEN, UWS Asso­ciate Pro­fes­sor School of Eco­nom­ics and Finance (“As seen on 60 min­utes”)

LOUIS CHRISTOPHER Advis­er Edge Head of Prop­er­ty and Real Estate Com­men­ta­tor for Seven’s Sun­rise

NICK COMMISSO North­pac Con­struc­tions Prop­er­ty Devel­op­er 20+ years indus­try expe­ri­ence

Time: Wednes­day, 4 Feb­ru­ary 2009, 6:45–8pm

Venue: Bridge Bar — Lev­el 10, 2 East Cir­cu­lar Quay / 3 Mac­quar­ie St, Syd­ney (access lift near Dendy)

The organ­is­ers have a decent crowd, but they’ve emailed me that they were “won­der­ing if you have any peo­ple that are inter­est­ed in com­ing on the night- we want to get as many to the event on the night as pos­si­ble and in that respect do you have any oth­ers that are inter­est­ed in com­ing?? Num­bers are good but we just need as many as pos­si­ble??  The tick­ets will be com­pli­men­ta­ry of course.”

So if any read­ers of the blog would like to attend, please email the organ­is­ers at

And maybe set your recorder to catch the pro­gram on Today Tonight. I think you’ll find Eric Aaron­s’s rec­ol­lec­tions of the Great Depres­sion fas­ci­nat­ing.

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About Steve Keen

I am Professor of Economics and Head of Economics, History and Politics at Kingston University London, and a long time critic of conventional economic thought. As well as attacking mainstream thought in Debunking Economics, I am also developing an alternative dynamic approach to economic modelling. The key issue I am tackling here is the prospect for a debt-deflation on the back of the enormous private debts accumulated globally, and our very low rate of inflation.