Why this is a bad time to win an election | Business Spectator<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Prof. Steve Keen writes: So what could the future hold for Prime Minister Abbott? Here I have a hunch that he\u2019ll end up suffering a similar fate, not to the previous Liberal leader he admires \u2013 John Howard \u2013 but to ….. Malcolm Fraser. Fraser, as noted, had the good fortune to take over from … <\/p>\n
Continue reading “Why this is a bad time to win an election | Business Spectator”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,5],"tags":[993,1527,3244,3433],"class_list":["post-8414","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-economy","tag-deleveraging","tag-gdp-growth","tag-steve-keen","tag-tony-abbott"],"yoast_head":"\nWhy this is a bad time to win an election | Business Spectator - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why this is a bad time to win an election | Business Spectator - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Prof. Steve Keen writes: So what could the future hold for Prime Minister Abbott? 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There may be alternative, less radical measures that could be taken to help the de-leveraging process but his basic message is right: deleveraging could cause 10 years or more of pain if we do not take measures to address\u2026","rel":"","context":"In "Economic Theory"","block_context":{"text":"Economic Theory","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/economic-theory\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/rGkmgnprrIU\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2678,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/12\/18\/debt-and-deleveraging-the-global-credit-bubble-and-its-economic-consequences-mckinsey-global-institute-financial-markets-mckinsey-company\/","url_meta":{"origin":8414,"position":1},"title":"Debt and deleveraging: The global credit bubble and its economic consequences | McKinsey Global Institute","author":"ColinTwiggs","date":"December 18, 2011","format":false,"excerpt":"Empirically, a long period of deleveraging nearly always follows a major financial crisis. 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But he was wrong for the right reasons.... the Australian financial system, based on highly-levered mortgages, is a house of cards. It was only rescued post-GFC by massive stimulus\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/W_lcbjxna74\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":9837,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/05\/20\/use-land-taxes-to-plug-budget-holes-macrobusiness\/","url_meta":{"origin":8414,"position":3},"title":"Use land taxes to plug budget holes || Macrobusiness","author":"ColinTwiggs","date":"May 20, 2014","format":false,"excerpt":"Great post from Unconventional Economist (reproduced with kind permission from Macrobusiness) gets to the heart of the current budget stoush. 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Movement between 2002 and 2016 for a number of Developed and Emerging Market (DM and EM) countries in the ratio of bank credit to GDP and bank debt to credit. The good guys are in the top left corner and the bad guys bottom\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1680,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/31\/nothings-changed-steve-keens-debtwatch-2009\/","url_meta":{"origin":8414,"position":5},"title":"Nothing’s changed – Steve Keen’s Debtwatch (2009)","author":"ColinTwiggs","date":"October 31, 2011","format":false,"excerpt":"In fact \u201cnormal\u201d for the last half century has been an unsustainable growth in debt, which has finally reached an apogee from which it will fall. 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