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Steve Keen on Max Keiser
Saturday, February 27, 2010
Max Keiser and and Stacy Herbert talk about a number of topics including Charlie Munger's must-read commentary from earlier in the week "Basically, It's Over" and then Steve Keen is interviewed starting at about the 12 minute mark.
The discussion about the impact of the China slowdown on the Australian economy is well worth a close listen since you don't hear too much about it these days. It seems the economy down under is still viewed as some sort of a miracle system that escaped recession back in 2008-2009 and has only blue skies ahead.
2 comments:
Australia is largely a resource exporter so a slowdown in Chinese commodity purchases will naturally have a big chilling effect.
Oz also has the most expensive homes in the world, and we all know what happens when that corrects.
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