Steve Keen's Debtwatch

The rev­e­la­tion in the min­utes of the RBA’s Feb­ru­ary meet­ing that debate focused, not on whether there should be a rise, but on whether it should be 0.25 or 0.5 per cent, shows that the RBA wagers that the threats to the Aus­tralian econ­omy are upside ones–tighter labor mar­kets and higher inflation–rather than down­side ones–a global slow­down as asset mar­kets col­lapse dur­ing a credit crunch. The Feb­ru­ary min­utes implied that the RBA might really throw its cards on the table at the March meet­ing, with a 0.5% rise being a dis­tinct possibility.

Stu­art Cameron’s new com­pany Rife Media has started a Debt­watch Pod­cast page:

Rife Media’s Debt­watch Page

The Pod­cast will still be hosted here as well, but it will prob­a­bly appear first on Rife Media’s page as Stu does the production.

Note to Sub­scribers: I have been on study leave in Europe for the last month, and get back to Syd­ney late on Mon­day Feb­ru­ary 4th. I will be avail­able for com­ment from the morn­ing of Tues­day Feb­ru­ary 5th.

I’ve been research­ing in Europe and too busy to main­tain the blog for a while, for which I apol­o­gise. Hope­fully I’ll get back to it when I return to Syd­ney next week. In the mean­time, I had the fol­low­ing Soros arti­cle rec­om­mended to me, and it’s an excel­lent com­men­tary on the credit crisis: