Debt
Low debt buys you optionality
Australia has been burning its fiscal buffers in the good times, leaving it with little in the tank for the next real crisis.
Debt
Debt
The GST windfall that isn't
State Premiers are performing generosity with a GST windfall that doesn't exist, adding to debt and stoking inflation at the worst possible time.
Politics
Japan's risky bet
Japan's ruling party won a supermajority promising massive stimulus and tax cuts, but the yen's slide to near all-time lows suggests markets are sceptical the debt math works.
Trade
Sell America?
Easier said than done.