The RBA’s errors stem from a lack of diversity in economic analysis, with its often contradictory aims setting it up to fail.
The prospect of a recession normally accompanies a slump in asset prices, but the current starting point and trigger are somewhat different from historical examples
The Covid border restrictions are an opportunity to reset migration, increase wages and employment, make housing affordable and address productivity problems.
The RBA admits that rising house prices are creating financial stability issues, but it expects APRA to clean up its mess
Are claims that CLOs will bring down American banks another “Big Short” or merely a beat-up?
Retail investors piling into shares of bankrupt companies is a sure sign this isn’t a typical stock market rally
The extraordinary number of small businesses that had problems paying their debts before this crisis began now have few options left.
Virgin’s downfall is another example of how the predominantly retail buyer base has long struggled to recognise the risks of hybrid securities.
Without going into insolvency soon, Virgin Australia risks going the way of Ansett and being sold off for scrap.
The Royal Commission embarrassed ASIC with stinging criticism. Here’s some overdue actions they should take.
Have governments and regulators acted to lessen the likelihood and severity of a potential downturn in Australia across the banking/financial system, monetary policy, fiscal policy, taxation policy and competition policy?
The behaviour of AMP exposed by the Royal Commission shows that it had no fear of ASIC. Here’s how ASIC can change this.