Hudson Multimedia Highlights from 'Down Under' Oct. 2009

By No tags Permalink

Following Prof Michael Hudson’s recent tour, here are more multimedia highlights: Visual: Hudson on ABC International with Jim Middleton. Hudson on Switzer – Sky TV Business. Forever Blowing Bubbles – Sydney presentation. Hudson tour slideshow Audio: The Earth v the Neo-Liberal Paradigm – Prosper Australia speech Global Policy Trends in a Financialised Economy – Federal Parliament’s Vital issues seminar. Transcript available soon. Steering the Economy into Debt Deflation – Melbourne Town Hall speech Philip Adams Interview – Late Night Live Debt Creation as Wealth Creation – the Renegade Economists Written: The Age: Housing supply down, profits up – check the comments as per the Kavanagh link at the bottom. What recovery? – Business Spectator interview Landlords and bankers back in charge of the economy again – Daily Reckoning commentary Interest Rates in ...

Housing supply down, profits up

By No tags Permalink

The Age HIGHER land and house prices typically lead to an increased supply of housing. Yet at the peak of Australia’s perennial housing affordability crisis, the Housing Industry Association declared that there would be a 13 per cent fall in housing starts this calendar year, compounding last year’s 18 per cent fall. In light of massive rezonings in Victoria and improved planning bureaucracy in many states, this can only be seen as a warning that property insiders expect there to be a price crash. The public face of the housing industry is quite different. So, what do property investors expect that the rest of the population does not? Government spokesmen reflect assurances by bankers and their major category of customers – the real estate ...