Rupert Murdoch's first lecture in the Boyer series of lectures. The most memorable thing he said, "And I fear that many Australians will learn the hard way what it means to be unprepared for the challenges that a global economy can bring." "The rapid progress made by Asia's two powerhouse economies, China and India, were examples to follow. "These are people who have known deprivation ... who are intent on developing their skills, improving their lives and showing the world what they can do. " Join discussion...

The mainstream media is catching on to the idea of recession in Australia. For readers of Contrarian Investors' Journal, this is hardly a surprise. See http://cij.inspiriting.com/?p=112 Join discussion...

Is Australia facing peak minerals? Join discussion...

And the RBA is still thinking of cutting interest rates... hello stagflation?? Join discussion...

AUSTRALIA'S big banks ignored the sub-prime crisis in the US and actively took greater risks in the home mortgage market to see off a challenge from rival lenders. Join discussion...

Michael West is the biggest bear in the SMH. Did he get his insight from Steve Keen? Join discussion...

It’s already been a long day but its going to get a lot longer. The feared 'days of no hope' have arrived in the stock market. The United States is going to hit a severe recession or, as ANZ chief Mike Smith forecasts, it will encounter a depression. Australia will go into a steep downturn. Whether we have a recession will depend in part on how clever our government and Reserve Bank are and what happens in China. Join discussion...

IMF gives Aussie economy, banks a gold star Join discussion...

Australia's economy slowed more than expected in the June quarter, supporting the case for more interest rate cuts by the Reserve Bank. Join discussion...

This is an ABC interview with Professor Steve Keen on the 4th August 2008. The basic message is this: The coming recession in Australia will be severe and inevitable. Join discussion...