http://www.bloomberg.com/apps/news?pid=20601081&sid=aJua.fRYs1KQ
http://www.businessspectator.com.au...inally-concedes-pd20091103-XETBW?OpenDocument
"Well folks, it’s over. After predicting 40 per cent falls in Australian house prices – he was off by an order of magnitude as prices slipped just 3.8 per cent – and a domestic depression with unemployment rising to 15 per cent plus, the infamous Steve Keen of the University of Western Sydney has finally conceded defeat to his staunch adversary, Rory Robertson of Macquarie Bank (he should have done so months ago on the much more timely RP Data-Rismark numbers)........"
Now expect a barrage of doom and gloomers talking about the detailed semantics of why their pin-up boy Keen got it so wrong (or not) , together with every bar graph and pie chart under the sun dating back to 1650s hammering their point... But really, he could not have been more wrong about the house values...
Harris
http://www.businessspectator.com.au...inally-concedes-pd20091103-XETBW?OpenDocument
"Well folks, it’s over. After predicting 40 per cent falls in Australian house prices – he was off by an order of magnitude as prices slipped just 3.8 per cent – and a domestic depression with unemployment rising to 15 per cent plus, the infamous Steve Keen of the University of Western Sydney has finally conceded defeat to his staunch adversary, Rory Robertson of Macquarie Bank (he should have done so months ago on the much more timely RP Data-Rismark numbers)........"
Now expect a barrage of doom and gloomers talking about the detailed semantics of why their pin-up boy Keen got it so wrong (or not) , together with every bar graph and pie chart under the sun dating back to 1650s hammering their point... But really, he could not have been more wrong about the house values...
Harris