The Bank for International Settlements (BIS) quarterly report is always worth the read. Whilst it is academic in style and length, it consistently raises material that matters. Taken from the September report, the graphic below highlights the big issues for global corporate debt. The rest of this short article explains each component and its importance.
Debt
Emerging Market Debt: Dumb, Dumber and Dumbest
One of the classic signs that the credit cycle is nearing the end is that borrowers that shouldn’t be getting financed not only get funded, but get it at terms that seem crazy.
Sovereign Debt: the (Relatively) Good, the Bad and the Ugly
Using Australia, Italy and Greece as case studies, this article looks at the frequently ignored problems building in sovereign debt.
Meredith Whitney was Right – Just way too Early
Meredith Whitney’s prediction about US state and local governments defaulting is coming true – are subprime governments the next threat?
The Idiocy of Anti-Austerity
This article outlines four reasons why anti-austerity proponents are wrong and the difficult but unavoidable choice faced by highly indebted countries
Is the World Addicted to Debt?
This article discusses the risks posed by the increasing levels of government, business and consumer debt and recommends treatments for the global debt addiction
Beware of Greeks Selling Bonds? (A 5 C’s Analysis of Greek Debt)
This article uses the 5 C’s of credit to analyse the creditworthiness of Greece and to provide an opinion on the recently issued bonds.
Should Qantas be Given Taxpayer Assistance and What Will it Cost?
This article analyses whether taxpayer assistance for Qantas is fair and necessary. It also estimates the cost of a government guarantee of Qantas debts.