REIT’s hit the skids

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photo credit: chauromano Ahh the Age beats us to the story! Australian Real Estate Investment Trusts are down 73% year on year. Michael West covers this in Property Not So Safe After All One of the “leading lights” of the sector, Goodman Group, handed down a $450 million half-year loss this morning: a shocker. Greg […]

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EU membership = speculative magnet

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photo credit: pgpdesign (paul) The trend continues. EU membership comes concomitant with lower foreign investment rules, bringing a wave of speculation in real estate as rent seekers invest early to sit and wait until marginal rents bump up to the European average. Is such speculation contributing productively to the economy? With no mention of any […]

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Credit Crisis Animated

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The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

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Hudson: Finance Capitalism Hits a Wall

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photo credit: woodleywonderworks The Oligarchs’ Escape Plan – at the Treasury’s Expense By Prof. Michael Hudson see the original article and the growing list of comments on Information Clearinghouse The financial “wealth creation” game is over. Economies emerged from World War II relatively free of debt, but the 60-year global run-up has run its course. […]

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US 3 Hours from Collapse – 18/09/08

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Hat tips to Magnifico, with further analysis It heats up at 2.10 into the clip.

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A betterment levy: a cure to current ills

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photo credit: Nickster 2000   Steven Spadijer in Online Opinion today writes a superbly researched piece on why government’s must consider our policy position. Stop rolling the dice and go with the odds: Exactly 100 years ago Winston Churchill and Lloyd George introduced a radical budget even by today’s standards. The budget introduced a high […]

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Doug Noland on Reflation

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photo credit: Passetti Doug Noland is fast becoming a popular online analyst, focusing in particular on monetary policy. He releases a weekly report that summarises global policy developments and market movements in rapid fire succession. Essential reading, very handy for podcasters!. Doug says: But I would argue that this unfolding bubble dynamic has greater potential […]

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A Telling Example

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photo credit: pyjama People often grasp our message through simple examples. Imagine a friend buys one of these pictured beach boxes for $12,000 in 1994. Meanwhile, you work hard, doing overtime, saving money, being a solid citizen. During the middle of Victoria’s worst day on record (last Saturday reached 46 degrees celcius) your friend decides […]

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Fred Harrison – the Betrayal by the Powers that be

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Fred Harrison and the Motherlode team discuss the importance of capturing land rents to avoid future financial catastrophes. All this and more amongst the momentous backdrop of the 100 year anniversary of the People’s Budget! Forward this onto your friends. Thousands must see it! Make sure you check Fred’s extensive list of clips too.

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To Fix a Problem, You’ve Got to Understand What Caused it

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photo credit: cobalt123 An occasional commentary (for Australia’s federal politicians) #5 2nd February, 2008 Bryan Kavanagh LVRG, AAPI Early this morning Australian time, the BBC featured a well-credentialed panel in Davos discussing the world economic meltdown. As usual, none had workable solutions. None ‘saw the cat’, the real estate bubble, painted in camouflage within the […]

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https://prosper.org.au/2009/02/