If central banks take away the metaphorical punch bowl, the party would quickly become a riot with asset prices trashed
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.
MMT’s claim that governments can print money is true, but there’s substantial negative consequences which are neither immediate nor blatantly evident to the untrained observer
Financial markets are delirious with stimulus and won’t stop partying until there’s a crash so big that central banks can’t effect a bail out
The misplaced confidence of Chinese credit investors has been shaken by the default of three state owned entities including one rated “AAA”
Governments and central banks have embarked on a journey with no clear idea of where they are going, here’s five ways it could end
The number of zombie companies is growing and current policy settings point to this trend worsening in the years ahead
Lenders have responded to a wave of distressed companies and the cancer of weak covenants by going feral on each other
The announcement that NAB is preparing to call NABHA securities is good news for holders, but it is a reminder of common myths about hybrids
The Federal Government has handed the Australian major banks two big wins over their non-bank competitors
Governments, corporates and households with excessive spending and debt are living on borrowed time.
It’s relatively easy and common for politicians to walk away from a financial mess, which makes corporate and personal debt a better investment than government debt.