Steve Keen: Oz Headed for Recession.

Prof. Steve Keen is back and predicts Australia is heading for a recession next year, reports the ABC's Elysse Morgan.

Morgan reminds us that Keen famously lost a bet, a few years back, after producing a prediction that never materialised: the Australian housing bubble, according to Keen, was about to burst and prices would fall.

This time, at least in Morgan's online report, there is no reference to housing prices.