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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4 Responses to Whitlam Institute Series on the Financial Crisis

  1. Chris says:

    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.

  2. alex78 says:

    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?

  3. JamesC says:

    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.

    Thankyou

  4. Peter Si says:

    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.
    http://www.theaustralian.news.com.au/story/0,,25828871-25658,00.html

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