Simple and Sustainable Forums: Sean - Viewing Profile - Simple and Sustainable Forums

Anyone else see the scrolling thingy on the ABC News that is already reporting 'house price rises' since the interest rate cut just before Xmas by the RBA? Surely there is no metric on earth that could find that in such a short space of time and right in the middle of the Xmas period where there is a slowdown in housing purchasing activity anyhow.

Yes, I could see stretched mortgage holders getting some immediate relief from their ongoing situation, but given that APRA and the banks have tightened lending criteria, which is the main limiting factor for house prices, why would the interest rate decrease cause an immediate measurable increase?

Does this mean even the ABC News people can be got at? No source was given.

There are two econ talks coming up at Politics in the Pub, as below.


23rd September 2011
THE DEBT CRISIS OF US & EUROPE – WHAT WILL BE ITS EFFECTS GLOBALLY, INCLUDING AUSTRALIA?
Dr Bill Dunn, Political Economy, Sydney University, Michal Janda, ABC Business Online

18th November 2011
AUSTRALIA'S ONE-SPEED ECONOMY – RECESSION OR RECOVERY?
Ian Verrender, economic journalist SMH; Steve Keen, University of Western Sydney


Friday 6pm to 7.45pm
The venue for Politics In the Pub is the Gaelic Club, Level 1 (Tel. 9212 1587) 64 Devonshire St., Surry Hills.
That's just across from the Chalmers St exit and Devonshire St tunnel at Central Station.
Parking is usually available in side streets.


Two very interesting events coming up on bank regulation. Sheila Dow is one of the stand out post-Keynesians, so will be great to hear from her.

Thursday 27 October
2011 E.L. ‘TED’ WHEELWRIGHT MEMORIAL LECTURE

This year’s prestigious public lecture will be presented by Professor SHEILA DOW, the renowned post-Keynesian economist from Stirling University in Scotland.
She will be coming to Australia specifically for this purpose. Her topic will relate to banking and economic policies in the wake of the global financial crisis.
The lecture will be at 6pm on Thursday 27 October.
It will be held at the Eastern Avenue Auditorium at the University of Sydney.
Entry is free and advance booking is not required


Friday, 28 October 2011
What are banks and bank regulation for?
The University of Sydney

Panel discussion featuring:
- Professor Sheila Dow, University of Stirling (Scotland), internationally renowned economist and monetary policy advisor to the UK Treasury Select Committee

- Professor Dick Bryan, University of Sydney, Convenor of the Australian Working Group on Financialization and co-author of Capitalism with Derivatives: A Political Economy of Financial Derivatives, Capital and Class

- Dr Peter Docherty, University of Technology Sydney, expert on the macroeconomic effects of financial and monetary institutional arrangements, and the history of the Australian financial system

- Mr Peter Kell, Deputy Chair of the Australian Competition and Consumer Commission.

- A representative of the Australian Prudential Regulatory Authority

The panel will discuss the role and design of banking regulation, in the wake of the global financial crisis, given the nature and purpose of money and banks.

When: 10.30 am – 12.30 pm, Friday 28 October
Where: Darlington Centre, The University of Sydney
RSVP by Friday 14 October is essential. Please email: lynne.chester@sydney.edu.au or michael.beggs@sydney.edu.au

From Prosper Australia (Georgists). Tickets are $10, no booking fee.

Screening - Real Estate 4 Ransom

Tuesday 27 September - 7pm

Chauvel Cinema, Paddington

Only 20 tickets left. If it books out the organisers will gladly open up a second session at 8pm.Real Estate 4 Ransom is a fast paced documentary analysing the economic incentives given to property speculation (instead of entrepreneurialism). Understand how the economic structures have been altered to reward those who already own property over those struggling to keep a roof over their head. Find out why Dr Ken Henry's tax review was so important and what we can do to promote genuine affordability. Q & A with Co-Director Karl Fitzgerald will follow the film. More details including trailer via www.realestate4ransom.com.

Ticket bookings: https://realestate4r...eventbrite.com/

Real Estate 4 Ransom is a new documentary about global property speculation and its impact on the economy. Real Estate 4 Ransom considers changing motivations behind property investment and challenges the notion that the Global Financial Crisis was caused by bank lending alone.We investigate the inefficiencies of the economic system and the impact this has on potential homeowners and small businesses. The documentary argues that with a simpler tax system, entrepreneurs have a better chance to succeed and the average Australian has a better chance of owning their own home.

40 minutes of fast paced insights into the GFC and the economic structures that have allowed such a boom-bust- bailout mentality to survive. Housing affordability, privatisation and tax reform are featured topics.

On the economics side, we are confident that upon viewing you will be armed with analytical tools to decipher why life has become so costly and risky. A saner future awaits with the policies presented.

Q & A with Co-Director Karl Fitzgerald follows the film.



Prosper AustraliaAn NGO focused on delivering economic justice via tax reform by ensuring that speculative capitalists pay more than productive capitalists, as per the desires of Classical economists David Ricardo, Adam Smith & Henry George.

www.prosper.org.au