Archive for ‘USA’

14 results.
Aug16

7.30 Report on “American mortgage shock waves hit Australia”

by Steve Keen on August 16th, 2007 at 9:39 am
Posted In: Australia, Debtwatch, Media Coverage, USA

Those of you who missed last night’s 7.30 Report (like myself–I was playing tennis at the time!) should check the link below:  American mortgage shock waves hit Australia Apologies again for a tardy update cycle on this blog, but as you can imagine, I’m busy as hell right now. When the dust settles–in early October–I […] ↓ Read the rest of this entry…

3 Comments
Aug05

Debtwatch No. 10: America’s Ponzi Schemes Unravel

by Steve Keen on August 5th, 2007 at 11:52 pm
Posted In: Australia, Debtwatch, USA

Named in mock honour of America’s greatest swindler, a Ponzi Scheme is a financial ruse that, for a time,  generates apparently great returns from an investment that in fact produces nothing. Ponzi Schemes initially appear to work because the promoters pay early entrants seemingly fantastic returns, by the simple expedient of giving them money deposited […] ↓ Read the rest of this entry…

5 Comments
Mar15

Household Debt: US vs Australia

by Steve Keen on March 15th, 2007 at 10:22 am
Posted In: Australia, Media Coverage, USA

As part of the background to the LateLine interview yesterday, I graphed the US household debt to GDP ratio against the Australian. All the news recently has been about the sub-prime crisis in the States, of course: but guess where household debt has been growing fastest? That’s right, good old Australia has out-done itself once […] ↓ Read the rest of this entry…

11 Comments
Mar14

Sub-Primes on LateLine

by Steve Keen on March 14th, 2007 at 5:27 pm
Posted In: Media Coverage, USA

ABC LateLine is doing an item on the sub-prime mortgage crisis in the USA tonight (Wednesday March 14th); I was one of those interviewed for the story. Please tune in! LateLine goes to air at 10.35pm.

6 Comments
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