Australian Credit Management - Higher Returns · Lower Fees

Double win for big banks

A double win for the major banks

The Federal Government has handed the Australian major banks two big wins over their non-bank competitors
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Unsustainable will end

If It’s Unsustainable, It Will Eventually End

Governments, corporates and households with excessive spending and debt are living on borrowed time.
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Be cynical on government debt

Be Cynical On Government Debt

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 road sign

There’s a reason emerging markets look cheap

Emerging markets are cheaper than developed markets for good reason, with three recent examples highlighting commonly ignored risks.
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Company Directors

Company directors: if you can’t stand the heat, get out of the kitchen

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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Crazy Enough Argentina Hero

Is Anyone Crazy Enough to Lend to Argentina?

Argentina is a deadbeat borrower that will probably default again, but there’s a high probability lenders will be back anyway
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Debt Quality Matters

In a Crisis, the Quality of Spending and Debt Matters

There is no free lunch, Keynesian responses do provide short term stimulus but place an anchor on future economic growth.
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Eviction Moratoriums

Eviction Moratoriums Are Terrible Economic Policy

Eviction moratoriums are supposed to help poorer citizens, but in the long term they result in rental accommodation being more expensive.
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Interesting debt Markets

There’s Always Something Interesting Happening in Debt Markets

If you venture off the well trodden pathways, there’s always something interesting happening in debt markets.
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Austria Century Bond

Could Austria’s Century Bond End Up Like Argentina’s?

It doesn’t take a default for Austria’s recently issued century bond to trade at the same price as Argentina’s defaulted debt.
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conspiracy theories

When the Truth is this Crazy, Who Needs Conspiracy Theories?

The insolvency of Wirecard has made many look foolish, but short sellers and a journalist had been on the case for years
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financial crisis

Are CLOs Going to Cause Another Financial Crisis?

Are claims that CLOs will bring down American banks another “Big Short” or merely a beat-up?
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