Newsletter

As this point of the cycle the low and medium hanging fruit has been picked. Investors that would typically stick to blue chips, whether that be defensive companies with good …
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The World Bank Warns on Soaring Global Debt Levels The December release of the “Global Waves of Debt: Causes and Consequences” report by the World Bank mostly slipped under the …
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We Need A Generation Like Paul Volcker The passing of Paul Volcker this week has seen an outpouring of tributes to “the giant who slayed inflation”. Whilst he is most …
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Argentina and Lebanon are Broke, so let’s Lend to Angola The travails of Argentina are well known, they’ve defaulted on their debt yet again with bondholders now fretting over how …
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Shenanigans in Leveraged Loans There’s something of an ongoing battle between journalists looking to write a sensational article about US high yield debt and fund managers saying that their investments …
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The RBA’s decision yesterday to cut the Cash Rate to 0.75% was based on faulty logic and a short term focus. Philip Lowe’s speech in Armidale on September 24th laid …
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