Summary:
For the last 25 years, Australian politicians of both Liberal and Labor hue have been able to brag that, under their stewardship, Australia has avoided a recession. Those bragging rights are about to come to an end. During the life of the next Parliament — and probably by 2017 — Australia will fall into a prolonged recession. Click here to read the rest of this post, and here to download the Excel file showing the link between a slowdown in the rate of growth of debt and a recession.
Topics:
Steve Keen considers the following as important: Debtwatch
This could be interesting, too:
For the last 25 years, Australian politicians of both Liberal and Labor hue have been able to brag that, under their stewardship, Australia has avoided a recession. Those bragging rights are about to come to an end. During the life of the next Parliament — and probably by 2017 — Australia will fall into a prolonged recession.
Click here to read the rest of this post, and here to download the Excel file showing the link between a slowdown in the rate of growth of debt and a recession.
For the last 25 years, Australian politicians of both Liberal and Labor hue have been able to brag that, under their stewardship, Australia has avoided a recession. Those bragging rights are about to come to an end. During the life of the next Parliament — and probably by 2017 — Australia will fall into a prolonged recession. Click here to read the rest of this post, and here to download the Excel file showing the link between a slowdown in the rate of growth of debt and a recession.
Topics:
Steve Keen considers the following as important: Debtwatch
This could be interesting, too:
Steve Keen writes A Simple Solution to the Banking Crisis That No Country Will Implement
Steve Keen writes How does JK Galbraith’s The New Industrial Estate hold up after 6 decades?
Steve Keen writes How does JK Galbraith’s The New Industrial Estate hold up, six decades on?
Steve Keen writes Redirecting to Patreon