Karl Fitzgerald

Creative Destructionism V Bailout the Destroyers

on

photo credit: nflorence2012 How to avoid being caught short: US calls in old rules to shield its markets: The slumping financial markets have been rebounding steadily in the past month for several reasons, including regulatory and legislative decisions in Washington. The Dow Jones Industrial Average closed on Friday above 8000, a dramatic increase from the […]

Read more

The Geithner Plan = 40% of income for a right to a piece of land on which to stand.

on

photo credit: country_boy_shane At least Timothy Geithner is showing a little spunk with his new shared equity plan. The government puts in effectively 93%, and the lucky bankers chosen put in just 7%. How does it work? Both the government and the bankers put in 7% equity, then the government lends the other 86%. When […]

Read more

Gen X/ Y – Rent don’t buy!

on

photo credit: pyramis Rents up, but house prices down. It doesn’t make sense, but such is life for men and women in their prime trying to find a place to call home. Land monopoly power exerts its ultimate influence over the rental market. As we have often stated, the final stages of a boom-bust market […]

Read more

REIT’s hit the skids

on

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 […]

Read more

Single Renters Miss Out on the PM’s Lifeboat

on

photo credit: alexkon Karl Fitzgerald Project Coordinator and Web Editor the Saturday Age – Business section, p2, Oct 25th. FREE market principles are being put to the test like never before. With share prices collapsing, policymakers are scrambling to keep up with the loss of confidence in the market. Prime Minister Kevin Rudd has stepped […]

Read more

Three Dimensional Economics

on

by Karl Fitzgerald as published in Arena Magazine, Feb-March, 2008, Edition 93 In a period where the twin crises of global warming and the wealth gap are attacking society from both sides, policy makers are continually limited in their effectiveness by a two dimensional approach to economics. Land prices have increased at 4 times the […]

Read more

https://prosper.org.au/tag/karl-fitzgerald/page/3/