(1) The term bubble is used as per accepted convention in most national markets, particularly the US, along the lines described by Shiller (2005).
(2) Steve Keen�s Debtwatch No. 20 March 2008: Double or nothing?
(3) Figures quoted here are from, or have been calculated from, data from the Reserve Bank of Australia, the Australian Bureau of Statistics, and from Case-Shiller.
(4) http://www.news.com.au/couriermail/story/0,23739,23968923-5011140,00.html
(5) http://www.news.com.au/couriermail/story/0,23739,23954212-953,00.html
(6) Ludlow (2008)
(7) Mr Barker�s comments were made at the Australian Population Association�s 14th biennial conference and were reported in the Australian Financial Review on 3 July 2008, �WA steals march on Queensland�, P10.
(8) As an aside, I always find it humorous how industry�s suggested response following financial collapses � such as ACR, Fincorp, etc � always involves �investor education�. Really! As if industry really wants us all to be wise to their tricks!! |
