government debt

The NSW budget shrugged off omicron, almost returning to balance in January in trend terms. The deficit is likely to beat the government's full-year forecast by about...

By now it is obvious that Australia’s chosen pathway to managing Covid and ending lockdowns requires a greater uptake of vaccinations. The odds of dying from the...

One of the most annoying and destructive narratives from mainstream economists in the last decade has been that government debt doesn’t matter. It’s commonly trotted...

If 2020 was a wild year for equities, 2021 has been just as exciting for fixed income investors. In February, a sharp rise in bond yields and inflation expectations...

The famous 1955 quote by then US Federal Reserve Chairman William McChesney Martin was that “The Federal Reserve… is in the position of the chaperone who has ordered...

Economic cycle background Ray Dalio has a series of explanatory videos that talk about debt cycles and in particular the contrast between a short debt cycle and a long...

Last Tuesday’s RBA interest rate cut and accompanying statement didn’t bode well for investors that rely on income producing assets such as bonds. Investors need to...

Whilst I’m generally cynical about politicians, their creativity in finding ways to blame others for what are obviously their problems shows they do have intelligence,...

In June 2017 Argentina sold US$2.75 billion of 100 year bonds and I wrote then that “Argentina is unlikely to get through a decade without defaulting let alone 100...

Central banks globally have clearly been buying a lot of government bonds over the last decade. But just how much the world’s central banking powers own of their own...