Posts Tagged ‘depression’

Economic deja vu as powers that be play same old tune

Friday, November 21st, 2008

photo credit: GFX69 Prosper Australia’s long time Executive member Bryan Kavanagh had this excellent article published yesterday in The Age NOTHING changes. In the 1970s, the collapse of Mainline Corporation and Cambridge Credit heralded a recession after the 1973 real estate bust. In the early 1990s it was Pyramid Building Society, Tricontinental and the State [...]

Great Depression heading our way – Mason Gaffney, Steve Keen

Thursday, October 9th, 2008

Now you’ve seen Steve Keen deliver a damaging analysis on the 7.30 report, listen to Professor Mason Gaffney call a Great Depression (on yesterday’s Renegade Economists) and why current economic policy will only prolong the negative outlook. Dr. Michael Hudson was Chief Economic Policy Adviser for the Kucinich for President campaign in 2007. He gave [...]