The Renegade Economists' view on global events
Independent: Forget about mortgage debt – become a happy renter instead
June 27, 2010 – 10:54 am | One Comment

First-time buyers are suffering, and mortgage rule changes could lead to yet more misery, so perhaps it’s time to consider the benefits of being a tenant, writes Laura Howard

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Telegraph: This recession just became a depression
October 23, 2009 – 5:19 pm | No Comment
Telegraph: This recession just became a depression

Finally, the mainstream are catching up with what the Renegade Economist was saying back in October last year.  Before you read on, this is the press conference video worth watching again $45 Trillion Wealth Wipe …

Telegraph: Goldman Sachs vice-chairman says: ‘Learn to tolerate inequality’
October 22, 2009 – 10:14 am | 2 Comments
Telegraph: Goldman Sachs vice-chairman says: ‘Learn to tolerate inequality’

One of Goldman Sachs’s senior advisers in London has said that British taxpayers should “tolerate the inequality” stemming from the investment bank’s plans to dole out a record $22bn (£13.4bn) in pay and bonuses this …

Telegraph: Irish house prices to fall 45pc as debt spiral looms
October 20, 2009 – 4:52 pm | No Comment
Telegraph: Irish house prices to fall 45pc as debt spiral looms

Ambrose Evans-Pritchard reports on how Ireland is just halfway through its property slump and is likely to see house prices fall 45pc from peak to trough as austerity begins in earnest.

The Times: Government debt ‘nearly three times higher than official figure’
October 19, 2009 – 2:02 pm | One Comment
The Times: Government debt ‘nearly three times higher than official figure’

Employers yesterday called upon the Government to get to grips with its ballooning debts as a new study put the true size of the public sector’s net liabilities at £2,200 billion, almost three …

SMH: Girl power takes on selfishness
October 15, 2009 – 3:27 pm | No Comment
SMH: Girl power takes on selfishness

An article from Jessica Irivne from the SMH.  Ostrom’s work (recognised last week with a Nobel Prize) investigates how we all share the scare resources ‘the commons’ that earth provides for us all.  She rejects …

Telegraph: Britain has the worst quality of life in Europe
October 13, 2009 – 4:39 pm | 3 Comments
Telegraph: Britain has the worst quality of life in Europe

A lot of us have been feeling the pinch living here in the UK, and this study does not go anywhere to help us believe that “things are going to get better” anytime soon.  Share with …

FT: Goldman reaping $1bn on a CIT bankruptcy
October 7, 2009 – 5:20 pm | No Comment
FT: Goldman reaping $1bn on a CIT bankruptcy

And we think regulataion would prevent such deals to be structured in the future? 
Goldman Sachs stands to receive a payment of $1bn – while US taxpayers would lose $2.3bn – if embattled commercial lender …

Bloomberg: Fed Should Release Borrowers’ Names
October 7, 2009 – 2:52 pm | One Comment
Bloomberg: Fed Should Release Borrowers’ Names

The Federal Reserve should be forced to identify companies that received loans from the central bank because it can’t demonstrate that borrowers would be harmed by the disclosure, according to lawyers who won a Freedom …

SMH: Mummy bloggers spit the dummy over Nestle’s spoilt milk
October 7, 2009 – 2:46 pm | One Comment
SMH: Mummy bloggers spit the dummy over Nestle’s spoilt milk

This article from the SMH illustrates the current rise of the bull market in dissent. Now we just need to keep harnessing the people power…  
Hell hath no fury like a mummy blogger scorned – a …

SMH: Climate trumping needs of the poor
September 29, 2009 – 2:13 pm | 2 Comments
SMH: Climate trumping needs of the poor

“climate change and poverty are inextricably linked” – wise words from Hugh Jackman.  Copenhagen cannot work without an understanding of the inter-relationship with the economy and some debate if the western model is actually the best for developing countries. …

The Times: The hard lessons are still unlearnt
September 25, 2009 – 10:24 am | 2 Comments
The Times: The hard lessons are still unlearnt

How quickly a year flys.  What has happened to the memory of Governments, regulators after the destruction inflicted last year in the banking sector.  Apparently now we are meant to see them as economic saviors….  …

Evening Standard: taxpayers now paying for £800m Olympic land debt
September 21, 2009 – 4:50 pm | No Comment
Evening Standard: taxpayers now paying for £800m Olympic land debt

Seems like there is more pain to come in this article from The Evening Standard -
Government ministers have clashed with the London Development Agency over an £800million debt incurred in buying up the land for …

Reuters: Downturn may cost 25 million jobs in OECD – report
September 16, 2009 – 3:35 pm | No Comment
Reuters: Downturn may cost 25 million jobs in OECD – report

The economic downturn will likely cost as many as 25 million people their jobs by end-2010 as the unemployment rate nears a record 10 percent in the OECD group of countries, according to a report …

SMH:Banking problems bigger than pre-Lehman says Stiglitz
September 14, 2009 – 12:42 pm | 2 Comments
SMH:Banking problems bigger than pre-Lehman says Stiglitz

Nobel Prize-winning economist Joseph Stiglitz says the US has failed to fix the underlying problems of its banking system after the credit crunch and the collapse of Lehman Brothers.
“In the US and many other countries, …

AFP News: Obama to defend bailouts year after Lehman collapse
September 14, 2009 – 10:31 am | No Comment
AFP News: Obama to defend bailouts year after Lehman collapse

WASHINGTON (AFP) – A year after Lehman Brothers imploded and unleashed global financial contagion, President Barack Obama will on Monday argue that his policies are rescuing a US financial system that was near collapse.
In a …

News from The Renegade Economists…
September 8, 2009 – 2:08 pm | 7 Comments
News from The Renegade Economists…

Dear Renegade Economist Readers,
We wanted to take this opportunity to update you on what is going on at Renegade HQ and thank you for your continuing support and for all the questions you have been …

RTÉ News: Irish Land values halved
September 1, 2009 – 11:18 am | No Comment
RTÉ News: Irish Land values halved

 House building company McInerney has estimated that the total value of its property in Ireland has more than halved since mid-2008.

ABN: Fed forced to Turn Over Records to Bloomberg News
August 27, 2009 – 4:07 pm | 3 Comments
ABN: Fed forced to Turn Over Records to Bloomberg News

In an extraordinary ruling, U.S. District Court Judge Loretta Preska ordered the Federal Reserve to turn over records of the details concerning the lending of taxpayers’ money to financial institutions and banks.

SMH: Brazen models conceal the truth
August 27, 2009 – 11:49 am | One Comment
SMH: Brazen models conceal the truth

An article from the Sydney Morning Herald showing us how ”economic modelling” can be perverted by vested interests to suit their own purposes.

Dreams don’t come in instalments
August 18, 2009 – 1:16 pm | One Comment

Food for thought from an article by Damon Young, an Australian philosopher.  “Buying a home isn’t necessarily touched by reverie – it’s matter-of-fact, dull and sometimes brutal. Is this as good as our dreams get? …