Logo Land Values Research Group: Economics as if location matters Photo

Releases

2019/01/30: 
2016/06/22: 
2016/06/09: 
2016/05/21: 
2016/03/29: 
2016/03/21: 
2015/12/31: 
2015/08/24: 
2015/07/17: 
2015/07/11: 
2015/07/08: 
2015/05/13: 
2015/05/05: 
2015/01/18: 
2014/11/07: 
2014/08/12: 
2014/07/16: 
2014/07/10: 
2014/05/14: 
2014/05/01: 
2014/01/23: 
2014/01/20: 
2013/12/24: 
2013/12/21: 
2013/09/19: 
2013/09/03: 
2013/08/07: 
2013/08/06: 
2013/07/29: 
2013/07/10: 
2013/06/01: 
2013/05/13: 
2013/05/10: 
2013/05/02: 
2013/05/01: 
2013/04/30: 
2013/04/11: 
2013/03/28: 
2013/03/06: 
2013/02/19: 
2013/02/07: 
2013/02/04: 
2013/01/21: 
2013/01/19: 
2012/12/17: 
2012/12/14: 
2012/12/05: 
2012/11/26: 
2012/11/19: 
2012/11/15: 
2012/11/09: 
2012/11/05: 
2012/11/03: 
2012/11/02: 
2012/11/01: 
2012/10/18: 
2012/10/17: 
2012/10/04: 
2012/09/21: 
2012/09/06: 
2012/08/31: 
2012/08/20: 
2012/05/14: 
2012/05/11: 
2012/05/10: 
2012/05/07: 
2012/04/12: 
2012/04/11: 
2012/03/28: 
2012/03/16: 
2012/03/13: 
2012/03/08: 
2012/02/17: 
2012/02/14: 
2012/02/13: 
2012/01/12: 
2012/01/09: 
2012/01/04: 
2011/12/12: 
2011/11/30: 
2011/11/24: 
2011/11/23: 
2011/11/16: 
2011/11/14: 
2011/11/03: 
2011/11/01: 
2011/10/31: 
2011/10/25: 
2011/10/17: 
2011/10/14: 
2011/10/02: 
2011/09/30: 
2011/09/17: 
2011/09/12: 
2011/08/31: 
2011/08/11: 
2011/08/09: 
2011/08/06: 
2011/08/03: 
2011/08/02: 
2011/07/30: 
2011/07/19: 
2011/07/04: 
2011/06/08: 
2011/06/03: 
2011/05/31: 
2011/05/25: 
2011/05/16: 
2011/05/04: 
2011/05/03: 
2011/04/28: 
2011/04/21: 
2011/04/12: 
2011/04/06: 
2011/03/24: 
2011/03/23: 
2011/03/17: 
2011/03/09: 
2011/02/15: 
2011/01/25: 
2010/12/10: 
2010/12/05: 
2010/12/04: 
2010/12/03: 
2010/11/11: 
2010/10/11: 
2010/10/03: 
2010/10/01: 
2010/07/15: 
2010/03/24: 
2010/03/18: 
2010/02/24: 
2010/01/13: 
2009/11/06: 
2009/09/18: 
2009/08/24: 
2009/08/11: 
2009/08/08: 
2009/07/31: 
2009/07/17: 
2009/06/06: 
2009/06/01: 
2009/04/24: 
2009/03/25: 
2009/03/22: 
2009/03/02: 
2009/02/05: 
2009/02/03: 
2009/01/28: 
2009/01/23: 
2009/01/22: 
2009/01/21: 
2009/01/16: 
2008/09/01: 
2007/10/19: 
2007/09/28: 
2007/07/07: 

RELEASES (Atom/RSS)
SCRAPBOOK
OLD HOME
ARCHIVE
CLASSICS
LEGAL NOTICES
ABOUT US
CONTACT US
Join the Forum
Subscribe to Progress

PageRank(R)

Powered by Blogger™
Arimo font served by Google

‘Screening’ for bowel (colon) cancer can PREVENT it.

Blogroll

Club Troppo
Crikey
Debtwatch
Earthsharing
Gavin R. Putland
Journal of Brief Ideas
MacroBusiness
On Line Opinion
Prosper Australia
The Conversation
The Depression
World Economics Association

We called the GFC:

If the US economy is shedding jobs... how does it finance its growing consumption and rising asset values?... Credit continues to expand, backed by assets whose values are dependent on the circular argument that values will keep increasing. ... Eventually a major asset market must collapse, causing a credit contraction and liquidity loss, which reduces demand for goods and services and causes other asset markets to collapse, and so on. Worse, as the members of one economic class go bankrupt, they take down their creditors, who in turn take down more creditors, and so on...

— Gavin R. Putland, “We’ll all go down together”, Australian Financial Review,
Sep.10, 2003, p.59.

We began to follow the dictates of the tax regime to play another game altogether, namely, that of real estate speculation. We have now inflated the current residential bubble to voluminous proportions and economic growth is primed to tank into a major deflation.

— Bryan Kavanagh,
The Age, Jun.15, 2005.

... Rudd was elected Prime Minister in economic circumstances similar to those of 1972, but further advanced towards disaster. The Fourth Oil Crisis was already upon us, while the global housing bubble — the biggest asset bubble in history — was already bursting in several key countries; in particular, the U.K. housing market had just slipped into reverse, while the U.S. housing market was in depression territory, threatening the stability of the global financial system through devaluation of collateral.

— Gavin R. Putland, Federal Budget Submission, Jan.23, 2008.

And the recession we “had to have”:

Depressions are born in the boom times when the prices that are speculatively demanded for land soar to such unbridled heights that incomes dependent upon real levels of production can no longer possibly sustain them. ... We are now in that late phase.

— Kenneth N. Grigg, “The Impending Depression”,
Progress, Sep. 1989, p.3.