He is NOT Head of Economics at UWS - he is an Associate Professor; a lecturer, at UWS, which by anyones measure is hardly the most prestigious economics school in Australia...... He started his academic career quite late in life so don't mistake is age for his professional seniority.
Ageist and institutionally elitist
I'm going to have to start taking notes!
I can't recall where I read it, but I'm pretty sure that Steve is now a full Professor, and no longer an associate professor.
Any expressed market opinion is my own and is not to be taken as financial advice
I can't recall where I read it, but I'm pretty sure that Steve is now a full Professor, and no longer an associate professor.
I think you are right. Switzer mentioned that he was now a professor when interviewing him a week or two ago. Doesn't change anything. He has got most of his predictions wrong.
Suck it up stringburd and swallow , Steve Keen blows your spruiker theories out of the water, Aussie house prices down 9%, smack in line with JAPAN crash.
And we know how that ended up, face it bulls, your toast ! I strongly predict there'll be no bulls left on this forum come the end of the year..................
Quote:
Dan Birke August 2, 2012 at 6:02 pm | # G’day Steve , first off, gotta say great article and that should shut up the bulls for a while. CJs gloating is very annoying when prices get up like this !
One of the bulls on APF posted some data from Japan showing the fall from peak in Japan was 33% in two years, not the 8.9% you show !
Japan fall 33% from peak in 2 years
I’m sure your figure is probably the right one, yout 8.9% seems more realistic for the Japan bubble burst than 33%, but could you tell me where you got your 8.9% from so I can prove these bulls wrong ?
Thanks mate !
Quote:
Steve Keen August 3, 2012 at 12:19 am | # I saw that 33% fall claim to and it sounds to me like they confused the stock market (or Tokyo alone) with Japanese house prices. I’ll link to my data tomorrow–post operation sleep time now.
Quote:
Peak Debt August 3, 2012 at 12:39 am | # This chart from Bank of Japan says Japan house prices were down 30% after two years, but it’s probably wrong.
9% in real terms. Less than 5% in nominal terms. Steve seems very keen to frame the discussion in real terms these days.
Back when he said prices would crash 40% and he made his losing bet with Rory Robertson, he was always talking in nominal terms.
I wonder what new country Steve will discover for us to be 'following' if house prices rise again next quarter?
Quick buy at the dip in the market then? Its a steal. Mr s keen, you are a legend. You said a 40% crash, could be a bt more. Where are all the bulls buying property. Nowhereland.
Because the shock value improves markete penetration (even though most such consumers are uneducated idiots), and this leads to greater advertising revenue.
Having a person with defendable credibility (he's a professer! at a university!) who is willing to make outlandish statements is a commercial media producer's wet dream.
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