Comments on: Debtwatch No 41, December 2009: 4 Years of Calling the GFC

By: Tidal Report – 20 Dec 2009 – Debtwatch No. 41 : third wave group

Tidal Report – 20 Dec 2009 – Debtwatch No. 41 : third wave group — Mon, 26 Apr 2010 05:07:49 +0000

[...] week we offer Keen’s latest Debtwatch report in which he outlines the factors that caused him to predict that a Global Financial Crisis [...]

By: Tidal Report – 6 Dec 2009 – Great shorting opportunity looms : third wave group

Mon, 26 Apr 2010 05:00:12 +0000

[...] The complete Steve Keen article goes into far more detail and for those interested it is well worth a read – December 2009: 4 Years of Calling the GFC. [...]

By: Keynesians Are Wrong: We CAN (And Very Well May) Have Disinflation With Rising Real Interest Rates, Which Could Hasten the Decline of American Power « Dark Politics

Sun, 04 Apr 2010 14:34:51 +0000

[...] (Keen, Roubini, Morgan Stanley and many others are warning about a debt crisis as well). [...]

By: Zombie Capitalism: Bernanke “Marching Ignorantly Forward” | Easy Mortgage Loans - Mortgage Home Credit

Sun, 28 Mar 2010 16:17:03 +0000

[...] post on the dynamics of debt deflation and the Great Financial Collapse. Please consider Debtwatch No 41, December 2009: 4 Years of Calling the GFC. During a debt-driven financial bubble, which is the obvious precursor to a debt-deflation, rising [...]

By: Keynesians Are Wrong: We CAN (And Very Well May) Have Disinflation With Rising Real Interest Rates, Which Could Hasten the Decline of American Power « Dark Politricks Retweeted

Sat, 09 Jan 2010 01:42:37 +0000

[...] (Keen, Roubini, Morgan Stanley and many others are warning about a debt crisis as well). [...]

By: Zombie Capitalism: Bernanke “Marching Ignorantly Forward” | Loan Crisis - Loan Rates - Mortgage - Banks

Fri, 01 Jan 2010 12:01:39 +0000

By: parrotile

parrotile — Wed, 30 Dec 2009 23:38:16 +0000

The problem with classical / neoclassical economics is that these demonstrably very weak theories are (for the majority of Uni. Economics courses) taught as incontrovertible “facts”. This dogmatic blinkered approach also extends to the much-favoured (and mercilessly hyped) MBA courses, which seem to have a lot less to do with providing useful Business Skills (especially for the Small Business Operator), and rather a lot more to do with the massaging of the egos of self-important “Professors of Economic Theory” – at least in the UK where the (academic) World and his Wife have all jumped on the extremely lucrative “MBA-Bandwagon”. Many major retailers mow expect this rather useless Degree in even Junior Management, and I suppose it’ll be just a matter of time until we see the MBA as an “Essential Criterion” of employment on the check-outs of the likes of Tesco!

The fact that neo-classical dogmatism has, and still continues to fail the working population seems to have been completely missed (maybe deliberately ignored?) by the “Movers and Shakers”. Just why can the “average Man in the Street” easily understand the obvious cause and effect analyses, whilst the “Super Economic Elite” consistently fail to do so must be a matter of considerable concern, or, “maybe there’s some kind of Conspiracy” – probably not, more likely “I know best so my word must be accepted as Gospel truth!”

Future’s looking far from rosy, especially for the hordes of Housing Speculators jumping on the “free money in return for minimal effort” bandwagon. For most of the Aussie population I suspect 2010 will be a year they will remember for all the wrong reasons!

By: littledavesab

littledavesab — Mon, 21 Dec 2009 14:25:40 +0000

Great article Steve. Also liked the Frisby Bears and Bulls radio show you did with Dominic Frisby

I do hope he gets you back again to expand on what you talked about – would like to hear the two of you discussing Australia (from a is it a safe haven currency point of view) and your views on Hyman Misky

By: Zombie Capitalism | Ken Nelson

Zombie Capitalism | Ken Nelson — Thu, 17 Dec 2009 22:31:37 +0000

[...] Keen’s Debtwatch predicted the global meltdown 4 years ago. Here is what he says about where we would be now: The economy will therefore falter–and [...]

By: jono1

jono1 — Tue, 15 Dec 2009 16:54:19 +0000

Hi Steve, and all readers. Just a little observation from the coalface regarding property. It seems that the majority of visible action on property is renovation, but this “value adding” (spending)is not accounted for in the property price inflation figures. Also, with all these units going up (on major current transport arteries so govt DOESN’T incur the infra spend!)and Aussie houses being the world’s largest, could the units start renting room by room, and the houses start supporting the newlywed kids? Could this shortage turn into a glut by the extension of some simple trends?