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What does it mean to have 'predicted the global financial crisis'?
It's even worse than that. The stimulus and FHOG boost had already been announced the month before Steve Keen made his losing bet with Rory Robertson where he agreed to walk up a mountain if house prices didn't crash. Keen knew all about the fiscal stimulus. And in fact he expected even more...- Shadow
- Post #11
- Forum: Property Market Economics
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What does it mean to have 'predicted the global financial crisis'?
Predict which aspect of it? I predicted on GH.PC in early 2008 that interest rates would be slashed in late 2008 and this would result in a house price surge. I predicted house prices would not crash. Steve Keen claims to have predicted the GFC, yet he didn't predict any aspect of it with any...- Shadow
- Post #3
- Forum: Property Market Economics
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What does it mean to have 'predicted the global financial crisis'?
Good article here explaining how Steve Keen didn't predict the GFC. Full article is pretty long, I have just copied a few paragraphs here...- Shadow
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- Replies: 19
- Forum: Property Market Economics