Australian Credit Management - Higher Returns · Lower Fees
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Recent Memos
Submission to the National Housing and Homelessness Plan
Australia’s construction industry cannot supply the housing and infrastructure necessitated by extraordinarily high levels of migration.
Reflections ahead of Philip Lowe’s last speech
Arguably the most significant lesson is that future Governors should intervene with monetary policy far less than he did
The RBA’s mistake was cutting the Cash Rate
By cutting too far the RBA helped create high inflation. Normalising interest rates is the economically prudent response.
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.
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
Do rate rises cause recessions?
Governments and economists might finally be realising that excessive stimulus creates and exacerbates recessions
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
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
An outlook for 2022
Higher interest rates, dumb politics and euphoric markets are key risks for asset prices in 2022
The stupidity of rent controls
Rent controls are an example of government intervention in order to fix the problems caused by previous government interventions
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
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
