The RBA’s errors stem from a lack of diversity in economic analysis, with its often contradictory aims setting it up to fail.
Australia
A bear market without a recession?
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
Closed borders have highlighted Australia’s population Ponzi scheme
The Covid border restrictions are an opportunity to reset migration, increase wages and employment, make housing affordable and address productivity problems.
RBA to APRA – we’ve set house prices on fire, you fix it
The RBA admits that rising house prices are creating financial stability issues, but it expects APRA to clean up its mess
Are CLOs Going to Cause Another Financial Crisis?
Are claims that CLOs will bring down American banks another “Big Short” or merely a beat-up?
The Winner Is… Busted Companies
Retail investors piling into shares of bankrupt companies is a sure sign this isn’t a typical stock market rally
Hundreds of Thousands of Small Businesses are Near Death
The extraordinary number of small businesses that had problems paying their debts before this crisis began now have few options left.
Virgin is Another Disaster for Listed Note Buyers
Virgin’s downfall is another example of how the predominantly retail buyer base has long struggled to recognise the risks of hybrid securities.
Virgin is Better Off Going Through Insolvency
Without going into insolvency soon, Virgin Australia risks going the way of Ansett and being sold off for scrap.
Time for ASIC to Fix its Longstanding Problems
The Royal Commission embarrassed ASIC with stinging criticism. Here’s some overdue actions they should take.
Is Australia Ready for the Next Financial Crisis?
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?
How ASIC Can Become a Feared Regulator
The behaviour of AMP exposed by the Royal Commission shows that it had no fear of ASIC. Here’s how ASIC can change this.