One of the world’s last and greatest house price bubbles is finally ending, argues economist Steve Keen.
Government debt
House prices hit a debt ceiling
Mortgage debt is by far the largest component of debt in Australia today – government debt, which is the focus of political debate, is trivial by comparison, writes Steve Keen.
Gruen: paying for Australia’s infrastructure deficit
Rather than simply getting budgets into operating surplus — mostly a very good thing — Australian governments have embraced the notion that all debt is bad, writes Nicholas Gruen, CEO of Lateral Economic.
Your Say: Daily Mail readers' feedback: Debt: good or bad?
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Is Dubai about to go broke?
Dubai is more than $80 billion in debt. It has about $4b left from its recent $20b bailout by Abu Dhabi, but, according to Standard & Poor, that’s about $10b too short to keep its government-related companies afloat.
Park the Debt Truck! Household debt reaches 100% of GDP!
Don’t listen to the debt alarmists, study the facts, writes Sean Carmody.
Mayne: Bear Stearns and the decline of American prestige
George W Bush will go down as arguably the worst US President in history and it will come back to two points: Iraq and the housing-induced credit crash, writes Stephen Mayne.
