RP Data’s Tradeable Australian House Price Index
RP Data has just released a daily index of Australian house prices which is designed to be tradeable on the ASX. I expressed my scepticism about this product on PM last night (the audio is below; the transcript is available here).
Steve Keen’s Debtwatch Podcast
The many hedge funds that have been looking for a way to short the Australian property market now have a vehicle. Of course, I would suggest careful assessment of the counter-party risk before taking advantage of it!
About Steve Keen
I am Professor of Economics and Head of Economics, History and Politics at Kingston University London, and a long time critic of conventional economic thought. As well as attacking mainstream thought in Debunking Economics, I am also developing an alternative dynamic approach to economic modelling. The key issue I am tackling here is the prospect for a debt-deflation on the back of the enormous private debts accumulated globally, and our very low rate of inflation.
