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Hi all, What Steve said here.... The Latin American debt crisis in the early '80's, the Savings and Loans bankruptcies of the early '90's, the Asian meltdown of the late '90's, etc, etc.. They were all going to send the world into the next depression, bigger than the '30's. Our CAD and...

Hi BC, Why?? If WA had not had the commodity boom, would Perth prices have taken off like they did?? bye

Boz, No, we do not all agree with that. bye

Hi all, I've just been trawling through Steve Keen's web blog and found the following from February last year, he basically explains why we wont have the same type of fall in house prices as the US!!! This puts Keen in a new category for me. His constant D&G was media induced, and he fell...

WW, Bringing this debate back to topic before we get deleted, ;) , I think you will find that the RBA got it more right than Keen. However, I think that interest rates as the RBA's only weapon is not very good. During the commodity boom we had a 2 tiered economy, the booming North and...

Hi WW, I think the RBA only got the last 1 or 2 rises wrong, but their focus was inflation and commodities were going through the roof at the time. If they had got it "stupendously wrong" then we would be in depression, which we are clearly not. We were clearly better prepared than most...

Hi all, Evand, I am one of those small time investors who claimed Keen wrong. Yet it seemed to be the D&G brigade who highlighted what he was saying. They were the ones who raised his views with an attitude of.... "You rich specufesters are all doomed, see even the 'experts' are saying...