Australian Credit Management - Higher Returns · Lower Fees
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Recent Memos
Submission to the review of the Reserve Bank of Australia
The RBA’s errors stem from a lack of diversity in economic analysis, with its often contradictory aims setting it up to fail.
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The rent is too darn high
The rapid decline in residential properties available for rent points to a greater proportion of low income Australians becoming homeless
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Do rate rises cause recessions?
Governments and economists might finally be realising that excessive stimulus creates and exacerbates recessions
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The cyclicality of capital allocation
With long term bond yields rising, investors are likely to allocate their capital very differently than they did in the last few years
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A bear market without a recession?
The prospect of a recession normally accompanies a slump in asset prices, but the current starting point and trigger are somewhat different from historical examples
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An outlook for 2022
Higher interest rates, dumb politics and euphoric markets are key risks for asset prices in 2022
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The stupidity of rent controls
Rent controls are an example of government intervention in order to fix the problems caused by previous government interventions
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The credit story of the year
The demise of Chinese property developers and the wider impacts are likely to be the credit story of the year
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A Nobel prize for debunked research?
The claim that increasing the minimum wage doesn’t lead to reduced employment goes against the vast majority of studies
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5 recommendations to make housing affordable
This is Narrow Road Capital’s submission to the Federal Government’s inquiry into housing affordability
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Bank capital matters more than liquidity
APRA’s changes to liquidity requirements will improvement bank liquidity but won’t stop the need for government assistance during crises
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Closed borders have highlighted Australia’s population Ponzi scheme
The Covid border restrictions are an opportunity to reset migration, increase wages and employment, make housing affordable and address productivity problems.
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