photo credit: Dunechaser It seems that another whitewash of economic theory is being subtly thrust upon us with the ongoing Henry Tax review. According to Henry, he has re-written economic theory. The 3 sources of taxation are now labour, capital and consumption. The...
BLOG: Commentary
Fred Foldvary Speech on the Global Financial Meltdown
Fred Foldvary's rapid fire insights on the GFC are summarised in this excellent speech "Why the Predictable Crash of 2008 was not a Market Failure". From money supply manipulations to bailouts to the needed remedy, Foldvary flies through the stages of the cycle that...
Developers get 2nd Free Lunch in as many weeks
Land speculators with portfolios in Coolaroo, Cranbourne East, Caroline Springs, Nunawading, and Parkville will be celebrating with their second free lunch in as many weeks. Brumby's announcement of new train stations in these suburbs has delivered windfall gains to...
Why the Predictable Crash of 2008 was not a Market Failure
photo credit: Poppyseed Bandits When: 7pm, Thursday Dec 11th Where: Prosper Australia, Frank Halkyard Library, Level 1/ 27 Hardware Lane, Melbourne Why: Because the US style bailout is heading our way Who: Fred Foldvary is the Senior Editor of the highly regarded...
Land Speculators Reign!
photo credit: Dean Terry If ever we needed any more motivation to burn the midnight oil, the Brumby government's latest handout to the property lobby is just this. Just nine months since he handed out free lunch with the 90,000 blocks of zoned land announced in March,...
Speculators Flipping Our Freedom
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Film Screening for Affordability
The I Want to Live Here film comp is on next Wed Dec 3rd at The Order of Melbourne, Level 2, 401 Swanston St (opp RMIT) Comedian Rod Quantock will help get us in the mood as we settle in to digest some of the zany films entered. The content will be good motivation for...
Messing with our Minds – Harrison’s latest
Clearance Calling
photo credit: Cosmic Kitty With auction clearance rates plateauing at 54% for the 3rd consecutive weekend, property pundits are doing all they can to avoid doom and gloom perceptions. The market has 'found a new level' is the positive spin. Let's hope most First Home...
Economic deja vu as powers that be play same old tune
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...