The run of redemptions and lock-up of the Dallas Police and Fire Pension fund was entirely predictable. The same conditions exist elsewhere and point to a wave of state and local government pension and debt defaults in the coming decade.
Banks are complex, but understanding why banks fail and what can be done about it doesn’t have to be.
Many countries have crashed and burned on the journey to being a developed market – will China be another?
The following scenario shows how falls in the equity market in China could lead to a hard landing for its economy
Using Australia, Italy and Greece as case studies, this article looks at the frequently ignored problems building in sovereign debt.
Meredith Whitney’s prediction about US state and local governments defaulting is coming true – are subprime governments the next threat?
This article corrects much of the current discussion about liquidity for debt securities and puts forward the key things to focus on.
This submission focusses on the major changes needed in the big three taxes – income, GST and land tax as well as ways to reduce the size of the black economy
This article analyses whether Chinese investors are performing due diligence on their investments using two recent case studies
This article outlines four reasons why anti-austerity proponents are wrong and the difficult but unavoidable choice faced by highly indebted countries
This article discusses the risks posed by the increasing levels of government, business and consumer debt and recommends treatments for the global debt addiction
This article discusses why credit investors should consider the potential volatility of the companies they lend to with examples provided of good and bad risks