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God bless the AFR for finally installing an embed option on its videos. Today we can present you with a short debate between Steve Keen and Aussie John Symond on whether or not there is a housing bubble (hiding it in plain sight thereby). It’s a bit like watching a debate between a guy speaking Italian and another speaking Zwahili. Symond wilfully ignores the structural issues in favour of the cyclical while Keen is all about structure so it’s ultimately quite unsatisfying. Still fun to see these guys share the platform:
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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