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:
ARE WE HEADING FOR A DEPRESSION?
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 email@example.com.
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.