I dont write off anyones words wirthout really looking at it, and i'm not going to name-call Keens like a child behind a keyboard either - but... He really hasnt been right about much. The property market caved for overpriced 1.5mil holiday property and such, but has really just leveled for your median price stuff. I think its just a reflection of the REAL inflation/wages and if people cant pay it, they dont buy it (in Aus anyway).
The Australian Government is charged with treason ! How much chinese goods will Australians ever afford to buy. A stupid and compromised contract delivered by crooks in a system of organised crime. China will soon own the US & Australia. Both nations will starve because of outstanding debt, the governments solution already planned, WWIII & A MICROCHIPPED POPULATION !! WAKE UP !!!
kewl real news without the hype.....this guy talks like Peter Schiff in the states...Peter warned everyone for years...every one laughed at him...they are now realizing the US is in a depression and is there to stay for a few years to come
we had a surplus of 20 billion in 2008, now after Rudd stimulus we now owe 100 million in interest due every day! how is that sound economics? utility prices up food prices soring! as an individual owing $100,000 to stimulate my domestic economy i borrowed $500,000 how the hell is that sound economy! climate change economy is the biggest con,one child policy, ecological rating sticker on your house costing $1500 a year, $800 carbon tax per child per year dont thing the greens are going to help!
If the ABC was smart, they would hire Keen to be a fullt-time commentator. He's way better than the other people they have (on Nightline and then their Business Report).
(9.30)"we need to get away from a political system driven by speculation" Well if we listened to his dire speculation we would have lost confidence and his depressing forecast would have been realised. Thankfully the Govt's tweeks have been a stabilising influence and in fact unemployment this last 12 months has remained steady and in fact the F/T employment rate has increased now for 8 months in a row!
In time ''Professor Keen'' will be proven correct and will have the last laugh while thousand will scramble to downsize or liquidate as the greatest ever Australian home mortgage bubble slowly de inflates over a decade or so and by then hundreds Realitor's Financial planner's whom had reap so much from this private debt industry which has done so little for the Nations export income and it's infrastructure.
You must be feeling really stupid right now buddy. Almost as stupid as Steve Keen. He repeatedly gets things wrong. He himself is no different from the media as he glorifies negativity. People love negativity, they thrive on it. The question is why doesn't he promote an exit strategy that is more sophisticated than sell up. Why on earth would anyone listen to someone that does not have anything to his name. Funny that....
@01avin I guess you might be part of the list which I'd included above and your wating for another Gov home buyer's grant so as to shore up the cooling market and your currently experiencing pain.
Hey buy now before you miss out on the next bubble.
We need this man in America or at least some Americans who are in authority using some of his good sense. I am no big brain but even I know the answer to excessive debt is not more debt. Let's get America running by genuine production again instead of speculation. Lets put American made tags on our products and buy American made again. Hang in there Australia.
you know what fuzzmaster? you are absolutely right! thankyou for your insightful and useful opinion on the matter, i feel like such a large weight has suddenly been lifted off my shoulders. all this time i have been throwing stones, but now it is time for me to embrace people of all races and cultures regardless of the stereotype surrounding them. you just can't judge a book by it's cover!!!
Oh yeh, we are in big trouble. Is that why we are still waiting for the last 2yrs for his views to come into fruition. This guy is just an attention seeker and uneducated people will respond to negativity. This guy is from mars!
His views are negative and the most biased I have ever heard so far. 60-70% crash in prices and zero interest rates in 2010. He is clearly an expert in nothing and that's why he rents his property instead of owning it.
I dont write off anyones words wirthout really looking at it, and i'm not going to name-call Keens like a child behind a keyboard either - but... He really hasnt been right about much. The property market caved for overpriced 1.5mil holiday property and such, but has really just leveled for your median price stuff. I think its just a reflection of the REAL inflation/wages and if people cant pay it, they dont buy it (in Aus anyway).
WAKEUPNOWDAMMIT 1 month ago
Sounds like the decline of the west, with the US leading it into oblivion.
Xenthoid 1 year ago
The Australian Government is charged with treason ! How much chinese goods will Australians ever afford to buy. A stupid and compromised contract delivered by crooks in a system of organised crime. China will soon own the US & Australia. Both nations will starve because of outstanding debt, the governments solution already planned, WWIII & A MICROCHIPPED POPULATION !! WAKE UP !!!
AlphaOctantFaction 1 year ago
kewl real news without the hype.....this guy talks like Peter Schiff in the states...Peter warned everyone for years...every one laughed at him...they are now realizing the US is in a depression and is there to stay for a few years to come
seamaverick1 1 year ago 3
we had a surplus of 20 billion in 2008, now after Rudd stimulus we now owe 100 million in interest due every day! how is that sound economics? utility prices up food prices soring! as an individual owing $100,000 to stimulate my domestic economy i borrowed $500,000 how the hell is that sound economy! climate change economy is the biggest con,one child policy, ecological rating sticker on your house costing $1500 a year, $800 carbon tax per child per year dont thing the greens are going to help!
esther19741974 1 year ago
If the ABC was smart, they would hire Keen to be a fullt-time commentator. He's way better than the other people they have (on Nightline and then their Business Report).
whereismybailouttv 1 year ago 2
Keep in mind. 9 people control what's read/seen/heard in the States. Is there any such thing as "progressive" media in Australia?
whereismybailouttv 1 year ago 2
(9.30)"we need to get away from a political system driven by speculation" Well if we listened to his dire speculation we would have lost confidence and his depressing forecast would have been realised. Thankfully the Govt's tweeks have been a stabilising influence and in fact unemployment this last 12 months has remained steady and in fact the F/T employment rate has increased now for 8 months in a row!
dantevisceral 1 year ago
In time ''Professor Keen'' will be proven correct and will have the last laugh while thousand will scramble to downsize or liquidate as the greatest ever Australian home mortgage bubble slowly de inflates over a decade or so and by then hundreds Realitor's Financial planner's whom had reap so much from this private debt industry which has done so little for the Nations export income and it's infrastructure.
steigerpower 2 years ago
@steigerpower
You must be feeling really stupid right now buddy. Almost as stupid as Steve Keen. He repeatedly gets things wrong. He himself is no different from the media as he glorifies negativity. People love negativity, they thrive on it. The question is why doesn't he promote an exit strategy that is more sophisticated than sell up. Why on earth would anyone listen to someone that does not have anything to his name. Funny that....
01avin 4 months ago
@01avin I guess you might be part of the list which I'd included above and your wating for another Gov home buyer's grant so as to shore up the cooling market and your currently experiencing pain.
Hey buy now before you miss out on the next bubble.
steigerpower 4 months ago
Comment removed
Stephencza 2 years ago
We need this man in America or at least some Americans who are in authority using some of his good sense. I am no big brain but even I know the answer to excessive debt is not more debt. Let's get America running by genuine production again instead of speculation. Lets put American made tags on our products and buy American made again. Hang in there Australia.
midwesternmom 2 years ago 2
Keens predictions are playing out thus far.
In the news: Interest rate cuts ahead. Unemployment rising.
halfasheep 2 years ago 2
In the news: Interest rate rises ahead. Unemployment decreasing.
Keen is a socialist skeptic, who has once again proved his ignorance.
williamdk1 2 years ago
you know what fuzzmaster? you are absolutely right! thankyou for your insightful and useful opinion on the matter, i feel like such a large weight has suddenly been lifted off my shoulders. all this time i have been throwing stones, but now it is time for me to embrace people of all races and cultures regardless of the stereotype surrounding them. you just can't judge a book by it's cover!!!
ncowz1 3 years ago
haha. owned, you fucking criminals.
Jerkicus 3 years ago
fuk you gottam amerikans, pig dog
ncowz1 3 years ago
not ALL australians are criminals and not ALL americans are pig dogs!!!!!!!!!!!
FuzzMasterX 3 years ago
every single one...
Jabitout 3 years ago
We will resort to robbing the rich!
0urGaia 3 years ago
We are in big trouble and professor Keen is the only one with the guts to tell it like it is.
goawaytv 3 years ago 6
@goawaytv
Oh yeh, we are in big trouble. Is that why we are still waiting for the last 2yrs for his views to come into fruition. This guy is just an attention seeker and uneducated people will respond to negativity. This guy is from mars!
01avin 4 months ago
sack the rudd government,and put this guy in charge he knows the score
pomplumber 3 years ago 2
Kevin Rudd's answer to the problem of housing affordability, is to make sure that the price stays high.
luke666808g 3 years ago
Great straight talk video. Brilliant without the fluff and the usual biased views.
Great to see the Australian point of view.
Thank you.
pureinnovation 3 years ago 5
@pureinnovation
His views are negative and the most biased I have ever heard so far. 60-70% crash in prices and zero interest rates in 2010. He is clearly an expert in nothing and that's why he rents his property instead of owning it.
01avin 4 months ago
Much appreciated, Keen gives great advice at the end... get liquid now b4 its too late and profit in the end, there will be winners out of the chaos.
panam77 3 years ago
panam, what do you mean get liquid now? does that mean convert all assets to cash and hold?
s3172276 3 years ago
Thanks for this video. I'm looking for Aus insight & opinions on whats happening here and across the world. keep up the good work.
rOromfue 3 years ago 4
Thanks for posting this interview, I was looking for just this insight.
Thanks alot.
Monad01 3 years ago 4