Open Forum
Weekend Open Forum
There's another weekend ahead and so much to talk about. Here's a safe space to raise whatever is on your mind.
Confidential Daily Comment
Central Banks Are On Edge
The bailout of central banks has begun, but there are real risks to the global financial system. It was all very predictable, but no one wants to take responsibility for the failures.
3 min read
I kicked off this website three years ago with a warning that the bond market would create the greatest loss of wealth in history.
It was an easy call after decades of declining interest rates that delivered the insanity of negative rates for institutional investors. This effectively guaranteed a capital loss on buying government bonds.
Just like the negative oil prices (yes, they would pay you to take oil) of April 2020, this was one of the easiest investments to profit from. In the case of bonds, you sold them on the expectation rates would move higher. In the case of oil, you bought it expecting prices to go up.
Both proved incredibly lucrative for those who got on the trade.
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Confidential Daily Comment
The Economic Shock Arrives
Despite the government's best efforts to artificially inflate national economic figures, the lived experience tells the real tale.
Confidential Daily Comment
The Olympic Islamist Menace
The Olympics are under threat from Islamic nutjobs and assorted losers. When will Australia learn from the migration mistakes of Europe?
Confidential Daily Comment
Another Attack on Business
As the Albanese government's ideological assault on small and medium businesses continues, our entrepreneurial class will seek to invest elsewhere.
Confidential Daily Comment
The Few Fail the Many
The failings of any government are a delight to their opponents. The real losers are the rest of us.