Bubbles

A private investment company located in Geelong, Victoria

Safe as Houses?

“Australian house prices will fall 40%” said Steven Keen. So confident in his prediction – was the economist from Western Sydney –he agreed to a bet. The opponent? An interest rate strategist from Macquarie, named Rory Robertson. The stakes? An unaided walk from Parliament House to the summit of Mt Kosciusko. It was September 2008. Lehman Brothers had just failed and the world was at panic stations. Australian house prices would dip 5.5 percent, but then begin their decade-long march…

Field of Cryptos

…Bitcoin, Blockchain, Ripple, Ethereum! Is this the world’s worst scrabble game, or has everything just changed? It’s been nearly six months since my last newsletter – a long time between drinks, as they say. Enough time to sit back, observe and enjoy the severe gyrations of a digital gold rush. Crypto-currency is the name of the game and everyone seems to be taking part. Stories abound of hackers rummaging through garbage – in search of lost hard drives full of…