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  1. boz

    Huge article from Steve Keen on why prices are going to crash

    that was shadow's post, not mine. anyway, I can say there are lots of computer algorithm around that make money, but that would be more likely on share market or forex. Probably the High frequency trading Goldman Sachs is using to make money is a computer program
  2. boz

    Huge article from Steve Keen on why prices are going to crash

    I agree that deflation is not going to happen in Australia, the worse case scenario is the Iceland way, or even Argentina, no way we can have a Japan Style deflation in australia. The worse case for australia is the case where the western world people have trust in their currency and they feel...
  3. boz

    Huge article from Steve Keen on why prices are going to crash

    I think his stuff is quite complex and that is why economists get things right after they happened. Anyway, I think Bernanke and FED policy of printing money had greatly helped australia, in the way that kept short term interest rates low and caused a run on resources/commodity demand. I...
  4. boz

    Huge article from Steve Keen on why prices are going to crash

    At the end of each month RBA gives banks lending numbers RBA link from the XLS file you can see home owner housing debt is 763 bil$ (seasonally adjusted), the investor debt is 324 bil$, other borrowing 139 bil$ and business 697 bil$. Shadow use to post his chart and overall credit growth is...
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