With Blackstone and Oaktree showing interest there’s a wide range of possible outcomes on the Crown hybrids
Memos
Who’s to Blame for the Greensill Mess?
Lex Greensill, Softbank, credit insurers, fund managers and BaFin all played a part in billions being lost
RBA to APRA – we’ve set house prices on fire, you fix it
The RBA admits that rising house prices are creating financial stability issues, but it expects APRA to clean up its mess
Credit lessons from the Greensill downfall
For credit veterans Greensill’s downfall isn’t a surprise with many common red flags long associated with this business
It’s (almost) all about the yield
If central banks take away the metaphorical punch bowl, the party would quickly become a riot with asset prices trashed
Neoliberalism is greatly misunderstood
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.
MMT’s key claim is true but simplistic
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
Too much cash can create a crisis
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