There will be a dinner with Michael Hudson and his wife after the talk at Customs House on Friday October 23rd at a restaurant called Young Alfred, which is also in Customs House. The dinner will start at 8pm.
If you’d like to be part of the booking, please let me know via an email to me at debunking (at) gmail dot com (spelt out this way to minimise the addition to the already ridiculous amount of spam I receive!).
Please email in the next day or so because we want to finalise numbers and make a firm booking. If I get an overload, then I’ll give priority to those who have donated to the cost of Michael’s visit–and donations have raised more than $500, so thanks very much to all those who have contributed.
September 24th, 2009 at 9:57 pm
Pity there is nothing organised in Melbourne, seeing that he is here for 3 days. Maybe a lunch perhaps?
September 25th, 2009 at 2:12 am
I corresponded with Dr. Hudson a few months ago. Then I corresponded with a group across the pond in the UK that call themselves “the renegade economist”, and they were arranging a series on debt relief – featuring Michael Hudson. Just recently I have been visiting this website and who should appear? Michael Hudson.
I’m having trouble finding anyone who believes that we need both debt relief and asset based money with no central bank. So far, everyone who likes the one opposes the other. It’s like I’m all alone in the world; I can’t find one other like minded person even with the internet providing easy inter-continental communication.
With all this synchronicity going on I’d love to have dinner with Dr. Hudson but don’t see any trips to Australia in my immediate future. Not that I wouldn’t love to go, but you know, commitments and all.
September 25th, 2009 at 3:56 am
Dear Steve and others,
At the risk of preaching to the converted, I’d recommend looking at the statements and analysis put out by Bob Pretcher and his team at Elliot Wave International (www.elliottwave.com).
This does not appear to be in anyway related to the blog member of this website by a similar name. In fact they seem to reach similar conclusions about the economy/stock/gold as yourself (and myself), albeit from a different method – ie, long term elliott wave (or ’socionomic’) theory rather then economic theory.
Despite the different technical background, they are essentially of the same view as yourself, Steve – that this depression will be (or is) the result of the bursting of a credit bubble caused by a lack of willingness to take on any more debt, and that it will only be over once the debt is back to sustainable levels. Bit radical sometimes but certainly worthwhile looking at just for the different perspective if nothing else. Word of warning though, a fair bit of it is subscription based.
They forecast just prior to the March stock market bottom that it would enter into a multi-month bear market rally, and that when that rally was near its top that their would be optimism that rivaled the top in October 2007. Their most recent call is that the top of the bear market rally is just about upon us.
Cheers
September 25th, 2009 at 7:29 am
It’s been some time now, but Bob got in touch with me after I published Debunking Economics, and sent me a copy of his most recent book. So yes, we are on related wavelengths. The same applies with Harry Dent. There are ways in which our different approaches to analysing the economy do overlap.
September 25th, 2009 at 9:40 am
A lot of people knows this….but they choose to ignore the facts…
1) Govts. see bad new as in GFC, credit crises etc
2) Govts/Central banks intervened, hence good news appear(temporary) ie retail figs up, FHOG for housing pushes houses prices up etc
Between 1 and 2 there is a time lag so the govts in power became ‘make believe’ soothsayers. They’ll ‘forecast’ thing will get better, just wait for a few months… etc
Of course things will look better(for a time being) cos’ these neo-bonobos have pump trillion of buck of testosterone in the ailing economy. Of course, they’ll be right in their so-called ‘forecast’, my pet blue-tongue in my garden can do better.
Any ‘donkey’ would know that if you give that cart a push, and then say I ‘forecast’ the cart will now move… or perhaps the carrot is still in front of the donkey?
Anyway, help me out here, folks… why are the general public so blind? Confounds me big-time!!
Okay just to back out what I’m saying try this for size..
http://www.abc.net.au/news/stories/2009/09/24/2695314.htm
Read the SPIN… pls
Thanks for allowing me to get this neo-bonobo..ism out of my chest!!
September 26th, 2009 at 9:16 pm
2 John Regan:
“I’m having trouble finding anyone who believes that we need both debt relief and asset based money with no central bank.”
Looks similar to what I’m agitating for in my Lithuanian blog. Free banking with liberal bankruptcy laws and repudiation of income/profit taxation.