Whit­lam Insti­tute Series on the Finan­cial Cri­sis

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The Whit­lam Insti­tute is con­duct­ing a series of talks on the finan­cial cri­sis. The third of these will be held this com­ing Thurs­day (July 23rd) at the River­side The­atre com­plex in Par­ra­matta (on the cor­ner of Church and Mar­ket Streets). The keynote paper is being given by Pro­fes­sor John Quig­gin, with myself and Guy Debelle, the Assis­tant Gov­er­nor (Finan­cial Mar­kets) of the RBA as dis­cus­sants.

Pro­fes­sor Quig­gin will present his paper “After the Cri­sis” for about 30–40 min­utes, after which there will be a 20 minute ques­tion and answer ses­sion with the audi­ence.

Guy Debelle and I will then present our analy­ses and respond to Quiggin’s paper for about 15 min­utes each.

The evening will con­clude with a final 30 minute Q&A with all three speak­ers.

Seat­ing is lim­ited, and places should be booked in advance. The cost if $10 per per­son, and can be booked either online at the River­side The­atre or by ring­ing the the­atre on (02) 8839 3399.

School groups book­ings can be made by con­tact­ing the Whit­lam Insti­tute directly on 02 9685 9187.

The talk will start at 5pm and con­clude at 7pm.

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.
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  • Chris

    This should be a VERY inter­est­ing event.

    It would be good if the paper “After the cri­sis” is posted after.

    Unfor­tu­nately not every­one haunts West­ern Syd­ney.

  • alex78

    I’ve had a break­through:

    Rate of bear blog posts
    =(1/(weekly aver­age pos­i­tive change in All Ords)^2)*K

    K=general ‘vibe’ con­stant depen­dent on free time, media bull­ish sen­ti­ment

    Seri­ously though, maybe we’re see­ing the mother of all dead cat bounces here. I won­der if it will top the Great Depression’s? 40% wasn’t it?

  • JamesC

    Hi Steve,

    I attended this ses­sion and thought the con­tri­bu­tions from your­self and John Quig­gan were very worth­while. Big thanks must go to Guy Dobelle, your­self and John for com­ing out for a pub­lic lec­ture such as this, it is a great thing as a mem­ber of the pub­lic to be able to attend great infor­ma­tive pre­sen­ta­tions for a nom­i­nal fee.

    This appar­ently will be avail­able on ABC FORA in a few days and Guy was of course ham­strung, being the man in brown, and I might point out to oth­ers to look in the video for Guys mis­placed con­fi­dence in look­ing to buy a pair of vol­leys for you in your walk to Kosciusko bet with Rory Robert­son. Hav­ing read the basis of the bet, I am per­plexed by his con­fi­dence. If I don’t think the cof­fee talk in the Reserve is on the ball with a joke bet, what con­fi­dence do I have that they are not in a delud­ing group think on other issues. Guys is obvi­ously a very smart and accom­plished per­son, what other expla­na­tion can their be for this vol­ley joke?

    A greatly appre­ci­ated thanks should also go to the Whit­lam insti­tute and your Head of School. As some­one work­ing at an unnamed uni­ver­sity I appre­ci­ate how dif­fi­cult it can be between the two semes­ters.


  • Peter Si

    It seems obvi­ous to me that when banks drop their LVRs that they are directly admit­ting that they expect prop­erty prices to fall. Why else would they decrease LVRs? So the lower the LVR the greater the chance of prop­erty falling? Are there any graphs show­ing LVRs against prop­erty prices? Also, how dif­fer­ent are LVRs between devel­op­ers, investors and owner occu­piers?

    Just 12 months ago, banks would lend on an LVR (loan to val­u­a­tion ratio) of 80 per cent. Today they are ask­ing 60 (per cent) to 70 per cent,” Matusik says. Deposits must be in cash and devel­op­ers are often asked to pro­vide a pro­file on each buyer.