Month: February 2008

This means the Australian economy is heading for a very sharp slowdown next year, which might seem a big call with unemployment at a 33 year low of 4.1 per cent . . . . » Something’s about to snap (Alan Kohler) – Business Spectator, 14th February 2008.

The Age asks Steve Keen about house prices : It has to fall at least as far as the US market will, and probably a lot more. Some conservative pundits think US prices need to fall another 25 per cent to restore pre-bubble valuations, and they’ve already fallen 8%. That …