Comments on: How Much Worse Can the Stock Market Get? A Lot Worse http://www.dailyreckoning.com.au/stock-market-2/2008/08/06/ An independent perspective on the Australian and global investment markets Sun, 08 Nov 2009 03:43:55 -0600 http://wordpress.org/?v=2.8 hourly 1 By: Commodity Correction Has Further to Run http://www.dailyreckoning.com.au/stock-market-2/2008/08/06/comment-page-1/#comment-50098 Commodity Correction Has Further to Run Mon, 03 Nov 2008 15:29:37 +0000 http://www.dailyreckoning.com.au/?p=3193#comment-50098 [...] How bad can things get? We’ve read the work of Dr. Steven Keen from the University of Western Sydney over the last few months. He’s one of the best analysts of Australia’s debt problems that we’ve seen. You’ll find some of his latest work here, “How Much Worse Can the Stock Market Get? A Lot Worse“. [...] [...] How bad can things get? We’ve read the work of Dr. Steven Keen from the University of Western Sydney over the last few months. He’s one of the best analysts of Australia’s debt problems that we’ve seen. You’ll find some of his latest work here, “How Much Worse Can the Stock Market Get? A Lot Worse“. [...]

]]> By: Tim Fallon http://www.dailyreckoning.com.au/stock-market-2/2008/08/06/comment-page-1/#comment-45998 Tim Fallon Sun, 12 Oct 2008 10:11:20 +0000 http://www.dailyreckoning.com.au/?p=3193#comment-45998 "My answer is: a lot worse." Well, it's now October 12th, and I've read Keen's latest blog (http://www.debtdeflation.com/blogs/) and if what I gather from that is correct.. it seems things are going to get even worse. I find this all very amazing. "My answer is: a lot worse."

Well, it's now October 12th, and I've read Keen's latest blog (http://www.debtdeflation.com/blogs/) and if what I gather from that is correct.. it seems things are going to get even worse.

I find this all very amazing.

]]> By: Coffee Addict http://www.dailyreckoning.com.au/stock-market-2/2008/08/06/comment-page-1/#comment-33699 Coffee Addict Wed, 06 Aug 2008 07:21:43 +0000 http://www.dailyreckoning.com.au/?p=3193#comment-33699 Steve Keen's analysis is correct. So far the impact of deleveraging in Australia has been masked by increased resource sector income. Our boom and our recession are so far simultaneous and may remain so until new (resource) production comes on line (globally) few years and as Chinese demand for resources starts to flatten. What this means is that when the price of many key resources do inevitably drop, there will be no way for Australia to cushion the fall by upping the debt lever. Steve Keen's analysis is correct. So far the impact of deleveraging in Australia has been masked by increased resource sector income. Our boom and our recession are so far simultaneous and may remain so until new (resource) production comes on line (globally) few years and as Chinese demand for resources starts to flatten.

What this means is that when the price of many key resources do inevitably drop, there will be no way for Australia to cushion the fall by upping the debt lever.

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