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Jonathan Rochford

In a Crisis, the Quality of Spending and Debt Matters

July 25, 2020 by Jonathan Rochford

Debt Quality Matters

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

Filed Under: Debt Tagged With: Crisis, Debt Matters, Keynesian Responses, Quality of Spending

Eviction Moratoriums Are Terrible Economic Policy

July 18, 2020 by Jonathan Rochford

Eviction Moratoriums

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

Filed Under: Economics Tagged With: Broken Window, Economic Policy, Eviction Moratoriums, Property Rights, Tenants

There’s Always Something Interesting Happening in Debt Markets

July 11, 2020 by Jonathan Rochford

Interesting debt Markets

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

Filed Under: Debt Tagged With: China, Debt Markets, Green Bonds, Greenwashing

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

July 4, 2020 by Jonathan Rochford

Austria Century Bond

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

Filed Under: Money Tagged With: Argentina, Austria, Century Bond

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

June 27, 2020 by Jonathan Rochford

conspiracy theories

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

Filed Under: Money Tagged With: Conspiracy

Are CLOs Going to Cause Another Financial Crisis?

June 20, 2020 by Jonathan Rochford

financial crisis

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

Filed Under: Australia Tagged With: CLOs, Financial Crisis

The Winner Is… Busted Companies

June 13, 2020 by Jonathan Rochford

Busted Companies Win

Retail investors piling into shares of bankrupt companies is a sure sign this isn’t a typical stock market rally

Filed Under: Australia Tagged With: Bankruptcy

The Federal Government Tacitly Approves Conflicted Financial Advice

May 22, 2020 by Jonathan Rochford

Conflicted Advice

The decision to ban commissions on only some listed securities encourages dodgy advisors to provide suboptimal advice.

Filed Under: Government Tagged With: Commissions, LIC, Listed Investment Funds, LIT

Credit is Normalising, But…

May 16, 2020 by Jonathan Rochford

Credit Normalising

Credit markets are improving but three dark clouds on the horizon point to the possibility of worsening conditions ahead.

Filed Under: Credit Tagged With: Credit Securities, Quantative Easing

Home Loan Data Shows the Economic Cost of Lockdowns

May 9, 2020 by Jonathan Rochford

Home Load Pain

The lockdown has resulted in a surge in payment problems, with one in eight home loan borrowers now unable to keep up with their scheduled repayments.

Filed Under: Economics Tagged With: Arrears, Hardship Status, Home Loans

Hundreds of Thousands of Small Businesses are Near Death

May 2, 2020 by Jonathan Rochford

Small Business Failures, Sorry We Are Closed

The extraordinary number of small businesses that had problems paying their debts before this crisis began now have few options left.

Filed Under: Australia Tagged With: Businesses Near Death, Coronavirus, Small Business

Virgin is Another Disaster for Listed Note Buyers

April 21, 2020 by Jonathan Rochford

Virgin a Listed Note Lesson

Virgin’s downfall is another example of how the predominantly retail buyer base has long struggled to recognise the risks of hybrid securities.

Filed Under: Australia Tagged With: Disaster, Listed Note Buyers, Virgin Australia

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