Bubbles, profits and debt – look out!

Australia is not mentioned once in this up to date rveiew of the real and severe problems in the global economy. Having said that, the story is as much about Australia’s economy as any of the countries actually referred to. Now, why should we get to grips with this sort of analysis? One important reason: it helps very much to understand not so much the effects of unemployment and underemployment but very much the causes of unemployment and what might be the best immediate and also medium to longer term policies to deal with the causes and also the effects.