Using Australia, Italy and Greece as case studies, this article looks at the frequently ignored problems building in sovereign debt.
Memos
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 Truth about Liquidity for Debt Securities
This article corrects much of the current discussion about liquidity for debt securities and puts forward the key things to focus on.
Submission on the Tax Discussion Paper
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
Are Chinese Investors Ready for their Training Wheels to be Removed?
This article analyses whether Chinese investors are performing due diligence on their investments using two recent case studies
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
Why Volatility Matters for Credit Investing
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