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Here's some nice charts on this theme. http://rwer.wordpress.com/2012/01/01/debt-britannia-with-16-graphs/ http://rwer.wordpress.com/2012/01/01/debt-britannia-w

by ktizo 14y ago

Here's some nice charts on this theme. http://rwer.wordpress.com/2012/01/01/debt-britannia-with-16-graphs/ http://rwer.wordpress.com/2012/01/01/debt-britannia-with-16-... You aren't doing as badly as you think. [edit] I assumed you were based in america, but apparently you are in sydney, sorry for confusion and random assumptioness. However, this means that according to the first chart on the page I linked, you guys are doing worse than the americans on household debt. Not that I can point fingers from the uk, cos we are either screwed or up to something fiendishly smart. But if it is the latter, I have no idea what it is.

einhverfr 14y ago
Reading that my first thought was "Wow, British banks are screwed." It would be interesting to see how that compares to Greece, Spain, Italy, and other more troubled EU countries. The EU situation suddenly seems a lot scarier to me financially. I should add that Steve Keen's writings on debt are absolutely must-reads for anyone interested in macroeconomic outlooks especially because he discards Neoclassical models in favor of debt-based models.
- ktizo 14y ago
  I've been following Real-World Economics Review - http://rwer.wordpress.com/ http://rwer.wordpress.com/ - since they were the movement for a Post-Autistic Economics - http://www.paecon.net/PAEmovementindex1.htm http://www.paecon.net/PAEmovementindex1.htm - Steve Keen seems to crop up there quite a bit.
  - einhverfr 14y ago
    Looks like a great couple of sites. Bookmarked. Two of my favorite quotes by Keen from his presentations are: "The one thing Neoclassical economists don't understand is Neoclassical economics." And "The Marxist economists hate me even more than the Neoclassicals, which is quite an achievement."
    - ktizo 14y ago
      You'd probably appreciate "Life Among The Econ" by Axel Leijonhufvud - http://economistsview.typepad.com/economistsview/2007/05/axel_leijonhufv.html http://economistsview.typepad.com/economistsview/2007/05/axe...

by ktizo 14y ago

einhverfr 14y ago

Reading that my first thought was "Wow, British banks are screwed." It would be interesting to see how that compares to Greece, Spain, Italy, and other more troubled EU countries. The EU situation suddenly seems a lot scarier to me financially. I should add that Steve Keen's writings on debt are absolutely must-reads for anyone interested in macroeconomic outlooks especially because he discards Neoclassical models in favor of debt-based models.

ktizo 14y ago
I've been following Real-World Economics Review - http://rwer.wordpress.com/ http://rwer.wordpress.com/ - since they were the movement for a Post-Autistic Economics - http://www.paecon.net/PAEmovementindex1.htm http://www.paecon.net/PAEmovementindex1.htm - Steve Keen seems to crop up there quite a bit.
- einhverfr 14y ago
  Looks like a great couple of sites. Bookmarked. Two of my favorite quotes by Keen from his presentations are: "The one thing Neoclassical economists don't understand is Neoclassical economics." And "The Marxist economists hate me even more than the Neoclassicals, which is quite an achievement."
  - ktizo 14y ago
    You'd probably appreciate "Life Among The Econ" by Axel Leijonhufvud - http://economistsview.typepad.com/economistsview/2007/05/axel_leijonhufv.html http://economistsview.typepad.com/economistsview/2007/05/axe...