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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Governments and central banks have embarked on a journey with no clear idea of where they are going, here’s five ways it could end
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The number of zombie companies is growing and current policy settings point to this trend worsening in the years ahead
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Lenders have responded to a wave of distressed companies and the cancer of weak covenants by going feral on each other
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The announcement that NAB is preparing to call NABHA securities is good news for holders, but it is a reminder of common myths about hybrids
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The Federal Government has handed the Australian major banks two big wins over their non-bank competitors
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Governments, corporates and households with excessive spending and debt are living on borrowed time.
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It’s relatively easy and common for politicians to walk away from a financial mess, which makes corporate and personal debt a better investment than government debt.
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Emerging markets are cheaper than developed markets for good reason, with three recent examples highlighting commonly ignored risks.
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Company directors hold themselves out as experts, but are increasingly demanding protection from the consequences when they fail to act reasonably.
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