Levy Paper

Published in June 28th, 2010

This is just a very quick post to make my paper at the Levy Institute available. Later I’ll add a post of the paper itself and a video of the presentation.

There is no GFC…

Published in June 27th, 2010

Posted by Steve Keen in Debtwatch

152 Comments

One of the unexpected things I’ve learnt in Boston is that the Global Financial Crisis is not called the Global Financial Crisis in America–and therefore the TLA of the GFC has no meaning here. Instead, in America this might be The Crisis That Has No Name (TCTHNN), because they don’t call it anything at all: [...]

Steve Keen Talk in New York

Published in June 20th, 2010

Posted by Steve Keen in Debtwatch

2 Comments

A blog member has arranged for me to give a talk during my trip to NY. I will cover the causes of the global financial crisis, the policy response thus far, and the outlook for the world economy, with a focus on the US and Australia. LOCATION: ‘In Good Company’ workplaces, 4th floor of 16 [...]

Commemorative Envelopes

Published in June 18th, 2010

Posted by Steve Keen in Debtwatch

3 Comments

Unexpected and wonderful things can happen when you stick your neck out, as I have done over Australia’s private debt bubble. The “tall poppy” syndrome can still cut you down, but you also find that people are willing to assist in ways that you’d never think of yourself. One of those has just occurred with [...]

Grantham on the Australian Housing Market

Published in June 17th, 2010

Posted by Steve Keen in Debtwatch

126 Comments

Jeremy Grantham pricked, if not the housing bubble itself, then at least the bubble that property market spruikers live in, with the quip that: “Bubbles have quite a few things in common but housing bubbles have a spectacular thing in common, and that is every one of them is considered unique and different.” (Housing market [...]

Empirical and theoretical reasons why the GFC is not behind us

Published in June 13th, 2010

Posted by Steve Keen in Debtwatch

63 Comments

Preliminary Remarks As noted in Debtwatch No. 44, I have stopped writing the monthly Debtwatch Report to focus on my more long term research. I’m still posting occasional blog posts when I feel the need—like the two recently on Australia’s new resources tax—but generally I’ll be working on more technical matters, and posting entries based [...]

Boston & New York, June 20-July 9

Published in June 9th, 2010

Posted by Cassander in Debtwatch

17 Comments

I will be in Boston and New York soon, either side of the Hyman Minsky Conference that I’m speaking at at the Levy Institute. I am committed to meetings on Tuesday-Wednesday June 22-23 (and possibly Friday June 25), to the Levy conference June 27-29, and there may be a seminar jointly organised with Eric Janszen [...]

Does the RSPT deserve ReSPecT Part II

Published in June 2nd, 2010

Posted by Steve Keen in Debtwatch

104 Comments

As I explained in my last post, the cost curve in the Treasury’s model of the RSPT is based on a fantasy. The situation is even worse when we turn to the other side of the model, the demand curve: it is based not merely on a fantasy, but an outright fallacy. Legions of economists [...]