Treasurer vs. Shadow Treasurer: Fight!

While watching the debate between the Treasurer Scott Morrison and Shadow Treasurer Chris Bowen today at the National Press Club one would not find much in the way of new information, compared to what has been outlined during the budget and debated in the course of the subsequent election campaign.

Featured Articles

China's Industrial Capacity is as Big as...China

For various reasons, well beyond the scope of this short note, China has amassed huge industrial capacity, well beyond its ability to absorb.  In part, that is one of the challenges that the "One Belt One Road" addresses.  Export the spare capacity by building infrastructure, networking east and central Asia (included parts of the former Soviet Union and the Middle East.

Read more 0

An Emerging Markets Status Update

In the EM equity space, India (+5.3%), Taiwan (+4.1%), and Hong Kong (+3.6%) have outperformed this week, while Colombia (-1.5%), Qatar (-0.9%), and China (-0.5%) have underperformed. To put this in better context, MSCI EM rose 2.9% this week while MSCI DM rose 1.9%. 

Read more 0

Debt is the fatal disease of republics, the first thing and the mightiest to undermine governments and corrupt the people.
Wendell Philips
He who controls the money supply of a nation controls the nation.
James A. Garfield
The moment that government appears at market, the principles of the market will be subverted.
Edmund Burke