Friday, September 2, 2011
Macgooneconomics..
You tube channel
Well you will have to wait until the end to find out what that means. In any case lots of debunking going on fro the prof. 1. population growth stimulates house prices or 2. ok if not that then it MUST be density thats the driver.
Posted by techieman @ 11:38 PM (3630 views)
8 thoughts on “Macgooneconomics..”
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novice pete says:
Good one Techieman, we’re different, it’s different this time etc., how many times have we heard that rhetoric over the last several years?
The alchemists can spin it all they like, the facts will eventually bite them in the ar/se.
Lalman says:
Good video – enjoyed it. I do think over the short term looseness of available debt causes prices to go up… but long term other factors kick in.
It would be interesting to see those graphs for the UK…
clockslinger says:
Good stuff. I’d post it to Charles Moore (see above posting) but I don’t think he’d understand.
quiet guy says:
Techieman
Ergh, did you post the correct link? There is a reference to Macgooneconomics at the end of this:
I found the disussion about fractal characteristics of markets quite interesting as well but was scratching my head wondering where MacGoo came into it.
quiet guy says:
Apologies for any confusion caused by last comment. Initially, my browser insisted on taking me to a different video by Keen about markets and maths …
techieman says:
no probs QG. All i would say is that Keeno doesnt deal directly wih unemployment in his analysis. He seems to be implying that both HPs and employment are a function of debt, or rather the acceleration of it.
Glad you found the “wrong” video interesting nonetheless. I always find him interesting although often a bit heavy going!
Have a good weekend.
alan says:
A very interesting video. Good spot!
nickb says:
Very interesting indeed… Keen’s argument doesn’t even seem to require consideration of the interest owing on the debt. I guess if that is thrown into the mix the acceleration of debt required for house price increases, on this line of argument, is intensified.
N