magpie's favorite notices
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@magpie you might find this show interesting re Alabama immigration: http://www.thisamericanlife.org/radio-archives/episode/456/reap-what-you-sow
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MMT getting some fairly mainstream commentary: http://www.garp.org/risk-news-and-resources/risk-headlines/story.aspx?newsid=42540
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Ross Garnaut's claim that a Carbon Tax can be used to fix no tonly global warming but our welfare and tax systems smacks of hubris. I foresee a future headline: "Disgraced former carbon tax adviser Garnaut accepts Chancellorship at Edith Cowen University"
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@danny housing bubble, what bubble? http://finance.ninemsn.com.au/article.aspx?id=8078120
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@magpie posted this mysterious link on your blog post: http://en.wikipedia.org/wiki/Median_household_income_in_Australia_and_New_Zealand
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oh @magpie you might be interested in Michael Hudson's work. example here: http://www.levyinstitute.org/files/download.php?file=wp_627.pdf&pubid=1316
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http://online.wsj.com/article/SB10001424052748704696304575538334028041428.html?mod=WSJEUROPE_hps_LEFTTopWhatNews - Fall of the dollar and Currency wars. I think the only way to come out of the crisis which has not ended is through new ways of doing international trade
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New post: Recognise this? http://bit.ly/cX6KCV !mule #ausvotes
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@sean so I'd see the key risk factors: further int. rate increases (will gradually put marginal borrowers under pressure), Euro sov. default pushing world econ. back down, China prop. bubble burst: job losses in Australia and perhaps some distressed selling by foreign investors.