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.
Economics
Welcome to the zombie global economy
The number of zombie companies is growing and current policy settings point to this trend worsening in the years ahead
Eviction Moratoriums Are Terrible Economic Policy
Eviction moratoriums are supposed to help poorer citizens, but in the long term they result in rental accommodation being more expensive.
Home Loan Data Shows the Economic Cost of Lockdowns
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.
More Write-downs and Forced Sales are Likely
As asset valuations are gradually updated, more forced sales and fund lock-ups are likely.
Narrow Road Capital’s Greatest Hits
Here’s my top 20 articles from the last 5 years; a mixture of credit commentary and policy pieces. The market ructions of 2018 have made my articles on Deutsche Bank, emerging market debt, cryptocurrencies, aggressive asset valuations and US high yield debt look pretty good.
The Economics of Population Growth
This article discusses both the obvious and the unseen implications of population growth, with the aim of allowing all Australians and particularly our leaders to consider whether a bigger Australia is better.