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He also added that 2009 was a time when everyone was being told the sky was falling in but they were actually feeling alright because: - The vast majority still had jobs - IRs had fallen off a cliff - Things were getting cheaper with the exchange rate. He went on to say that in 2010 people...

Hi WW He didn't say exactly but he made reference to: - Tighter credit worldwide remaining a problem - The fact that insto's who were previously "underweight" Australian exposure are now getting towards the "overweight" side. - There are just limited sources of funds available and other...

Hi WW Dunno about that. Australian banks sourced more capital on foreign markets last year than any other country. Got that little tidbit from the head of retail banking at one of the majors over (free?) lunch. No idea how I got invited to that gig! Anyway, his opinion is that situation...

Ahhh, the marginal cost of new supply in the face of increasing demand. Obviously not a relevant consideration in academia! Well, at least not in Mr Keen's circles of academia... After all reputable economists don't lower themselves to consider the housing market in this type of...