Steve Keen’s Oz Debtwatch

Analysing Australia’s 45 Year Obsession with Debt

Brief Report on the Home Loan Lending Roundtable

Published in August 10th, 2007

Posted by Steve Keen in Australia, Debtwatch, Politics

To its credit, the House of Representatives Standing Committee on Economics, Finance and Public AdministrationÂ decided to hold an “Inquiry into home loan lending practices and processes“, in the form of a one-day round-table discussion with interested parties.
They invited a diverse group: all the major banks were asked, as well as representative of non-bank lenders, mortgage [...]

“Total, total bullshit”?

Published in August 7th, 2007

Posted by Steve Keen in Australia, Debtwatch, Media Coverage, Politics

2 Comments

Oh dear. WhenÂ Nassim Khadim from The AgeÂ asked me to comment yesterdy on the electoral assertion being made by the Liberal Party–that rising State debt was putting upward pressure on interest rates–I responded thatÂ the assertionÂ was:
“Total, total bullshit. It’s like saying that somebody dropped a pebble into the ocean and that caused a tsunami. And you can [...]

Submissions to Parliamentary Enquiry released

Published in August 2nd, 2007

Posted by Steve Keen in Australia, Politics

No Comments

As you may know, the House of Representatives Standing Committee on Economics, Finance and Public Administration has arranged an Inquiry into home loan lending practices and processes, to which I have been invited. The submissions have just been released; click on the link to access them.
My submissionÂ is here for speedy reference. Apologies to all for [...]

Debtwatch gets a mention in Parliament

Published in May 30th, 2007

Posted by Steve Keen in Australia, Debtwatch, Politics

18 Comments

It’s not yet the main topic of debate between Liberal and Labor, but some of the arguments in Debtwatch have at least made their way into Hansard courtesy of a speech by Laurie Ferguson. The full extract from the speech is shown below.
“This makes a mockery of the claim by the Prime Minister that we [...]