Steve Keen’s Debt Watch

The property lobby consistently argues that the driving force beneath rising house prices is rising population. Even a cursory examination of the data shows that this is not true. The real force is accelerating mortgage debt, as I'll explain in a screenshow presentation to be uploaded shortly

Australian banks claim that the reason the US had a housing crisis was because American lenders were irresponsible, while Australian banks were much more responsible in who they lent to. If that's so, why has Australian mortgage debt risen from half the US level (compared to GDP) in 1990 to more than 10% higher now?

Professor Keen explains the private debt dynamics that caused both the Great Depression and the Great Recession. The Great Recession will end when private debt is much lower than it is now--even though it's fallen by 30% of GDP since the peak, it's still 100% higher than at the start of the Great Depression. A slowdown in the rate of decline of debt actually caused much of the recent recovery, but Professor Keen expects that this slowdown will pass and a double dip will occur. Part Two of...

Professor Keen explains the private debt dynamics that caused both the Great Depression and the Great Recession. The Great Recession will end when private debt is much lower than it is now--even though it's fallen by 30% of GDP since the peak, it's still 100% higher than at the start of the Great Depression. A slowdown in the rate of decline of debt actually caused much of the recent recovery, but Professor Keen expects that this slowdown will pass and a double dip will occur....

Dr Steve Keen on Engineer.net part 1 of 3

Steve Keen on Household Debt

On the edge with Max Keiser 09 18 2009 Part 2 of 3

Bail-out won't work - Steve Keen on SBS News 4-10-2008

On the edge with Max Keiser 09 18 2009 Part 1 of 3

Dr Steve Keen on Engineer.net part 3 of 3