Prof. Ross Garnaut gave the Hamer Oration at Melbourne University on Thursday. He pointed out that Australia has not experienced a recession for 17 years, a record for The Lucky Country. Such a period of unbroken growth is not just…
photo credit: Dru! A survey of property investors in The Age today by Colemar Brunton shows sentiment delicately poised between those who see the market flat or falling and those anticipating further rises. This is not the bursting of…
Watch this masterful animation to an excellent speech by social theorist David Harvey: Continue on by reading two pieces in the world leading Financial Times newspaper. One by Michael Hudson on Latvia’s Third Option: As Europe’s banking crisis deepens, Greece’s…
photo credit: looseends Saturday mornings at the Richmond market. I hear a fruit stall worker calling his wares: “Last of the carrots! A dollar a bunch! AND THERE’S NO MORE!” Of course, he has carrots by the boxful under…
photo credit: karola riegler photography Thursday June 24th 7pm, 1/27 Hardware Lane Dr Gavin Putland The powerpoint and audio have been uploaded here Australia’s residential land prices, commonly but incorrectly conflated with “house” prices, started falling in 2008. Having seen…
photo credit: funadium Yesterday’s ABS release of a 14.8% fall in seasonally adjusted building approvals shows that property insiders understand that a crash is coming. If not them, then the banks curtailing credit for housing is another signal that housing…
photo credit: 10b travelling Clear-eyed media commentary in the national interest is rare and sweet. Alan Mitchell’s analysis of the Henry Tax Review in the Australian Financial Review – A tax on all your economic rents – is such a creature.…
photo credit: Troy McClure SF Gavin R. Putland Published in today’s Crikey In contrast to the Henry report’s advice that payroll tax be eventually abolished (recommendations 55 and 57), the Rudd government has decided to increase its own payroll tax.…
photo credit: anarchosyn The Henry Tax Review’s highlighting of Land Tax as a policy direction is a welcome and encouraging development, says Prosper Australia. “This is THE tool to liberate the people of Australia from their current financial difficulties,” Prosper…
photo credit: robertivanc The great property speculation game is over in America and Europe. The music has stopped. Forty years of steadily increasing pressure has been released. Houses are worth a fraction of what people paid in better times,…