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Tag: australia

  • An alternate viewpoint on Canada's credit bubble
    DECEMBER 25, 2010

    Merry Christmas! I said I wouldn't post again until the 27th, but I noticed this gem of a comment from John in Ottawa. I've reposted a couple of his comments before. They are always well thought out, weighted, and insightful. This one is no different.

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  • China raises rates: More thoughts on the China-Commodity connection
    DECEMBER 27, 2010

    China raises interest rates Two weeks ago I suggested that a rate hike was all but assured from the People's Bank of China. I expected the rate hike on December 11th. Instead, perhaps out of fear of causing a hard landing in their overheating economy­, the People's Bank stopped at raising reserve requirements at Chinese banks in an attempt to limit the amount of new credit entering the system.

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  • Steve Keen discusses debt, housing, and the economy
    MARCH 20, 2011

    Steve Keen is a professor at the University of Western Sydney and is the author of several great books on economics. He also writes the fantastic economics blog, "Debt Deflation". If you aren't familiar with his work, you owe it to yourself to get acquainted with it. Keen recently gave a fantastic talk to the Mortgage Finance Association of Australia. The audio of the talk as well as the slide show can be viewed at the following link:

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  • So much for the ‘conservative’ Canadian consumer: Another look at Canada’s credit bubble
    MARCH 30, 2011

    The 'conservative' Canadian consumer has been often cited as one of the primary reasons for Canada's miraculous escape from the depths of the Great Recession. In fact, earlier this week, the deputy governor of the Bank of Canada attributed our ability to largely side step the worst of the recession to our, "relatively strong household balance sheets".

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