Western Economic Association Presentation: Debt & House Prices
I spoke in two sessions on what Americans call “The Great Recession” and Australians calls the “GFC”–the Global Financial Crisis. The first session had two other papers of interest to readers of this blog: a paper on house prices by Jakob Madsen, one of the “Bezemer Twelve” who predicted and warned of the impending crisis, and another on the dangers inherent in Australia’s high level of foreign debt by QUT’s Mark McGovern.
My screen recording software stuffed up–the sound was fine, but it recorded the blank screensaver rather than the slides. To make amends I redid my presentation, using the sound recording and trying to sync it with the audio (with only partial success! The timing is slightly out–my voice runs ahead of the slides).
A similar stuff-up applied in the second session–I disconnected the projector before saving the recording, and the program crashed. So I will do the same for that presentation–re-record it and post it here–but unfortunately I have no record of the discussions.
Before these hassles, I had planned to post all videos in one blog entry; now I’ll just post the first session here. The screen capture of my talk for the second session will have to wait till I have time to re-do it on the weekend.
My presentation on the statistical dynamics of debt
Unfortunately I couldn’t do that with Mark and Jakob’s papers, but the audio below is complete, from Jakob’s paper through to mine. However for some reason I can’t get that to play on my PC! I’ll leave it here for now and publish, and see if the hassle can be sorted out later.
Madsen on house prices, McGovern and Keen on debt (probably won’t run! Sleuthing apreciated)
Papers and presentations from session one:
Jakob Madsen “A Repayment Model of House Prices”
Mark McGovern “Beyond the Debt Dreamtime: Defusing and Resolving Crisis”