photo credit: marfis75 That’s essentially the message from the February Housing Finance figures. With the property market bubbling at extortionate levels, housing investors have decided to go to sleep at just the time they are most needed. In seasonal terms,…
photo credit: UGArdener This morning, Reserve Bank of Australia Governor Glen Stevens appeared on Seven Network’s Sunrise program to talk up interest rates and talk down the property market. Using tabloid television to broadcast RBA views is unprecedented. It…
Michael Hudson If the economy deteriorates in the L-shaped “hockey-stick” rut that many economists forecast, what political price will President Obama and the Democrats pay for having returned the financial keys to the Bush Republican appointees who gave away the…
photo credit: With debate over the impact of China’s real estate bubble leading to a stock exchange ‘flu’ this week, moves are afoot as: … today’s Beijing Youth Daily reports that the Ministry of Land and Resources recently released a…
photo credit: Omar Eduardo Taken from an early 1900’s document I don’t know what the country is coming to; I work from morning till night every day of my life and yet it’s as much as I can do to…
Michael Hudson As published in the Business Age The 2nd most read article in the Age website on the day as per the graphic billing HIGHER land and house prices typically lead to an increased supply of housing. Yet at…
photo credit: tsevis Dr Michael Hudson as appeared on Global Research Dr Hudson will be touring Australia in October 09 The story is worse than just “Pres. Obama labored, and brought forth a mouse.” He is morphing into Joe Lieberman…
photo credit: josef.stuefer The Yekaterinburg Turning Point: De-Dollarization and the Ending of America’s Financial-Military Hegemony Michael Hudson Challenging the American Empire will be the prime focus of extended meetings in Yekaterinburg, Russia (formerly Sverdlovsk) this coming Monday and Tuesday for…
photo credit: //endless∞ John Young In all the discussion about the economic crisis and its causes, the part played by land prices is nearly always underrated. The unique character of these prices is usually not even recognised. I am not…
photo credit: id-iom Dr Michael Hudson Breaking News: Dr Hudson will tour Australia in October 09 Last month the G-20 authorized the International Monetary Fund to increase its loan resources to $1 trillion. It’s not hard to see why. Weakening…