Central banks are repeatedly replenishing the punch bowl when the guests are already trashing the venue
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A new study says yes and there are plenty of historical examples of how leverage can go wrong
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The MMT experiment is just a sugar hit, we need productivity reforms to promote sustainable prosperity
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With Blackstone and Oaktree showing interest there’s a wide range of possible outcomes on the Crown hybrids
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Lex Greensill, Softbank, credit insurers, fund managers and BaFin all played a part in billions being lost
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The RBA admits that rising house prices are creating financial stability issues, but it expects APRA to clean up its mess
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For credit veterans Greensill’s downfall isn’t a surprise with many common red flags long associated with this business
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If central banks take away the metaphorical punch bowl, the party would quickly become a riot with asset prices trashed
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Neoliberalism has lost the marketing battle, but the evidence points to its key tenets producing the best outcome for both rich and poor members of society.
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MMT’s claim that governments can print money is true, but there’s substantial negative consequences which are neither immediate nor blatantly evident to the untrained observer
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Financial markets are delirious with stimulus and won’t stop partying until there’s a crash so big that central banks can’t effect a bail out
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The misplaced confidence of Chinese credit investors has been shaken by the default of three state owned entities including one rated “AAA”
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