Thanks for the Manna

Published in July 30th, 2010

Chris Joye comments in his release of the recent RP Data-Rismark index that the news of a 0.7% fall in one month will be “manna from heaven for the housing market bears”. Far be it from me to disappoint him, so thanks for the manna. But what adds spice to the manna is the way [...]

Aussie house prices fall 0.7% in June 2010

Published in July 30th, 2010

Posted by Steve Keen in Debtwatch

14 Comments

The RPData-Rismark index has just been released, and it has fallen 0.7% in the month of June 2010. I’ll have more to say on this shortly, but for now I can do no better than to direct you to the Business Spectator news report of the fall: House prices fall 0.7% in June, flat in [...]

American Monetary Institute Conference Chicago Sept 30–Oct 3

Published in July 20th, 2010

Posted by Steve Keen in Debtwatch

142 Comments

The American Monetary Institute has invited me to speak at their 2010 Monetary Reform Conference, at the University Center in downtown Chicago, between September 30th and October 3rd. I have agreed, though since this is in the middle of a teaching period for me it will be a “lightning trip” to the USA–leaving Sydney on Wednesday 29th [...]

New York Debtwatch Talk: Modelling Debt Deflation

Published in July 14th, 2010

Posted by Steve Keen in Debtwatch

106 Comments

The blog now has over 5000 members, and about 40 of them crowded into a small room in the FlatIron district of New York to hear me give a talk on debt-deflation. Since I had the luxury of more time than you get at an academic conference, and an engaging and intelligent audience, I gave [...]

Are We It Yet posted

Published in July 12th, 2010

Posted by Steve Keen in Debtwatch

33 Comments

This is a “remedial” post: I have just posted “Are We It Yet?” to this site, but for some reason it was posted after the “Naked Capitalism” post below. If you’ve already read the paper I gave at the Minsky conference, then you’ve read what’s published there; the main reasons for putting it here in [...]

Naked Capitalism and My Scary Minsky Model

Published in July 7th, 2010

Posted by Steve Keen in Debtwatch

144 Comments

I met with Yves Smith of Naked Capitalism on the weekend, at a superb Japanese restaurant that only New York locals could find (and I’ll keep its location quiet for their benefit–too much publicity could spoil a spectacular thing). Yves was kind enough to post details of my latest academic paper at her site in [...]

Are We “It” Yet?

Published in July 3rd, 2010

Posted by Steve Keen in Debtwatch

9 Comments

If you’ve downloaded and read the paper and presentation I posted in my previous entry, then there’s nothing new for you to read in the body of this post; the main addition is the video below of my talk. That in part gives you rather too good a view of the back of the heads [...]