Aussie Reverse Auctions

Steve Keen has been arguing for years that excessive debt levels would bring the world economy and Australian housing crashing down. When the global financial crisis hit people started to listen. Now we’re starting to hear about green shoots in the economy. The Aussie share market has risen by 40% since March. With these positive signs some people are starting to doubt his predictions.

Yet Keen argues that it’s the high level of government intervention has helped in the short term, but the underlying problem remains. A huge amount of debt that needs to be wiped out before the economy will stabilize. Right now, if you remove the government stimulus the economy will slide. Listen to his interview at BNet and see what you think.

I have listened to Steve for several years now, followed his Debtwatch blog and been concerned at his predictions for Aussie housing prices that he says may tumble! With imminent rising interest rates, one wonders what may be in store for us in late 2009-2010. Others say with constant immigration and a housing stock shortage, there’s not worry at all! So what’s this got to do with a blog on DubLi reverse auctions in Australia? It has to do with cashflow, the lifeblood of our household budgets and ability to keep our lifestyles going.

The DubLi business is giving many DubLi business associates much needed cash flow quickly. The business model is easy to share and easy to convert to cash. Cashflow in this economy is king and a business that can convert to positive cashflow early must be carefully examined.

Technorati Tags: business model, cashflow, debtwatch, DubLi, economy, housing prices, housing stock, Reverse Auctions, Steven Keen