Professor Steve Keen from the University of Western Sydney poses a convincing argument that not only are we in for the double-dip recession that many have forecast but that it won’t stop there. Prof. Keen is one of the lonely voices in the wilderness who predicted the current financial crisis. His reasoning is solid. Maybe we should be listening.
A quadruple-dip recession is under way and it’ll generate a few quadruple bypasses. The New Zealand Treasury’s economic forecasts upon which John Key & his National Party fellow-dreamers have based their growth predictions are looking doubly suspect and just as criminally negligent as the latest lunatic policies promulgated by Labour’s Phil Goff.