Carson Scott interviewed me for Sky News Business Channel last week for the program On The Record. Rather than focusing on the news of the day, this program attempts to give the background to people in public life.
As such there’s more of a focus on the reasons why I have taken the activist stand that [...]
On The Record Interview
Max Keiser Interview
Max Keiser interviewed me in his inestimable style on the Max Keiser Report earlier this week, and the interview is now available (the interview began at roughly midnight my time on a day that had started for me at 5am, so there are some slips in my delivery here–for instance at one point I say “fail [...]
Greenspan wins Dynamite Prize in Economics
Alan Greenspan has been judged the economist most responsible for causing the Global Financial Crisis. He, and 2ndand 3rd place finishers Milton Friedman and Larry Summers, have won the first–and hopefully last—Dynamite Prize in Economics.
In awarding the Prize, Edward Fullbrook, editor of the Real World Economics Review, noted that “They have been judged to be the three economists [...]
Doonesbury on Banking Pigs
I’ve been a fan of Garry Trudeau’s Doonesbury cartoon since my student days (when, coincidentally, Trudeau was profiling life as a university student).
As any reader of the strip knows, unlike most comic strips the characters in Doonesbury age and move with the times. Today’s times are those of a financial crisis, and once again I’m playing [...]
Launching the Talk Finance Forum
Many visitors to this site have commented that, though the discussions are very informative, they are also very difficult to follow. A discussion that begins under one post will recommence under another, and with over 200 posts and 16,000 comments so far, that makes following a complete thread of discussion effectively impossible. It was noted [...]
Jessica Irvine’s piece in today’s SMH
(Edit: Please note that there is a footnote to this story)
I normally don’t comment on articles about me, since I am aware that now that my views are part of the public debate, I have to take the good with the bad in coverage. I wouldn’t have written this either, were it not for the [...]
Brilliant Business Insider Article on Dynamite Prize
The Dynamite Prize for Economics–to be awarded to the three economists most responsible for the Global Financial Crisis–is going gangbusters with over 14,000 votes so far.
It may pick up even more thanks to some excellent work by Business Insider/Clusterstock, which has produced a brilliant graphic illustrating the prize.
It’s magnificent, and here it is below for [...]
Launching www.keenwalk.com.au
As most Australian readers would know, I recently lost half of a bet over Australian house prices when the Government’s “First Home Owners Boost”–which I prefer to call the First Home Vendors Boost–reignited Australia’s house price bubble.
As a result, I’m walking from Australia’s Parliament House to Australia’s highest mountain, Mt Kosciousko–a distance of 224km (140 miles). [...]
Interview on Switzer TV
Peter Switzer interviewed me on his cable TV show for Sky News last week.
You can watch the interview here. I would also recommend watching the interview with John Hewson (for international viewers, John Hewson was a previous leader of the Liberal Party of Australia, which despite its name is Australia’s conservative political party), in which amongst other [...]
Vote for Ignoble/Dynamite Economics Prize
Voting is now open for what has been renamed the Dynamite Prize in Economics.
The renaming was necessary because the owners of the Ig Nobel Prize objected to the similarity–which is understandable. They also suggested the Dynamite Prize as a useful alternative.
We are, after all, intending to award the prize to the three economists who did most to [...]
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TalkFinance.net
- PIGS and the Smell of Bacon
- For Profit Schools Turn Students Into Debt Zombies; It's Time To Kill The Entire Pell Grant Program
- Batten down the hatches, the waters are still treacherous
- News China warns of double-dip recession
- Obama's Backbone Like Over-Cooked Spaghetti; So Where Are The Fiscal Conservatives?
- Sunday Funnies 2010-03-14: Lighter Side of the News - Something From Nothing
- Some animated gifs
- Drivers of growth national, state, LGA and in a suburb. What's your opinion?
- All quiet on the Greek front?
- Final T-Shirts
- Obama's $3 Trillion Tax Increase; IRS To Track PayPal Transactions; Toledo Ohio Fiscal Emergency; Obama's Utopian Education Goals
- Economics is not a science
- Spotlight on the Non-Recovery in Texas; Heads Still Buried In The Sand
- Punters to lose $15m in Ponzi scam
- News Plenty of force left in the bull
Translators
Blogroll
- 20070308: Bad debts on the rise in mortgage belt
- 20070309: Late-paid mortgages show pain in suburbs
- 20070314: LateLine on the US Sub-Prime Crisis - Video of Tom Iggulden’s report on New Century’s woes and arguments (including mine) about its relevance for Australia
- 20070314: Warning on ’silly’ loans - The Age covers the new ’shared equity loans’ being offered by Adelaide Bank and St George
- 20070317: Onward rolls the sub-prime story in the USA
- 20070725 New York Times “‘Lender Sees Mortgage Woes for ‘Good’ Risks”
- 20070725 New York Times Op Ed “‘Stopping the Subprime Crisis”
- 20070815: 7.30 Report “American mortgage shock waves hit Australia” - Profile of the Cooks case and views on the likely collapse of the mortgage market in Australia
- 20070826 New York Times: Inside the Countrywide Lending Spree - Inside the Countrywide Lending Spree
- 20070917: How bad debt infected the world - Excellent Sunday Telegraph feature on CDOs
- 7.30 Report - Many Baby Boomers will retire in debt–and I’m probably one of them!
- ABC PM on US Subprime Crisis - Stephen Long covers the USA Subprime crisis and local angles with interviews of Steve Keen, Ian Rogers (The Sheet) and David Tennant (Care ACT)
- Bear Stearns: Turmoil in sub-prime mortgages
- Beware of Exploding Mortgages (New York Times June 10 2007)
- Can the mortgage crisis swallow a town? - New York Times chilling description of the mortgage crisis’s impact on one town in Ohio
- Centre for Policy Development - The policy portal that evolved out og the New Matilda
- Credit derivatives: At the risky end of finance - The Economist on derivatives
- Debtwatch Podcast - Debtwatch’s Monthly Podcast with Stuart Cameron (www.cameronmedia.com.au)
- Debunking Economics - My Debunking Economics website. A wealth of lectures and papers, and a poverty of organisation!
- Doug Noland - Doug Noland’s Credit Bubble Bulletin: the best analysis of America’s Speculative Bubble
- First home payments hit $3000 per month
- FN Arena: Mortgage crunch in Australia too? - FN Arena covers my March Debtwatch and more optimistic (or Panglossian?) takes on the situation from Macquarie Bank, etc.
- Global House Price Crash
- House of credit cards may fall - Robert Lusetich, Los Angeles correspondent for The Australian, bemoans the nature of America
- Housing Affordability
- iTulip - One of the best commentary sites on the Internet Bubble has been reborn amid the USA’s mortgage binge
- NZ Reserve Bank on Regulation: PM May 9th 2007 - Interview on the Budget, Inflation, and New Zealand’s Reserve Bank’s shift on regulation
- Our economic managers - Non Sequitur’s brilliant take on those who think the “status quo” will last forever
- Property Knowledge Group - An interesting impartial forum on housing issues, unlike most such forums that are either bulls or bears. Holds regular public debates on the topic. Well worth attending
- RBA 2003 Conference on Asset Prices and Monetary Policy - This is an excellent set of papers on the dangers of leveraged speculation, and the capacity of the market for irrational behaviour.
- RBA Bulletin Statistical Tables - The good people at RBA Statistics have recently added a Zipped file that contains all their XLS files–many thanks!
- RBA Speech March 16th - One economic indicator not considered in Dr Edey’s presentation was the level of private debt…
- Shared Equity Loans - Well-researched article on the pitfalls of shared equity mortgages
- The New Matilda - Intelligent alternative thought on social and economic issues in Australia
- True rate of home defaults hidden - Repossessions may be four times higher than reported figures
- Two Depressions, One Banking Collapse - An excellent comparison of the 1890 to the 1930 Depression, by Chay Fisher & Christopher Kent, which shows how much more severe the 1890 downturn was for Australia, and the role of debt and housing speculation in that crisis
- US Federal Reserve Historical Statistics - I use the Zipped “tabs” files from this page; check the bottom of the page for an explanation of the data structure
- US Housing Crash Blog

