Regular Features / Uncategorized Sandpit January 14, 2019 John Quiggin2 Comments A new sandpit for long side discussions, conspiracy theories, idees fixes and so on. Share this:TwitterFacebookLike this:Like Loading... Related
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The problem of debt versus equity is again raising its head. In the USA. There is a return to a form of ‘junk bond” lending. This caused the last two financial crisis episodes. The way to avoid such collapses is to avoid such an imbalance between equity financing and debt financing. The difficultly is getting this message across to business financial officers.
If the United States was doing this in Oz and NZ, the Left would be up in arms. No one on the Left would say it was a third order issue. Hundreds of thousands would march in the streets. But because it is China, it apparently less important than some trivial constitutional argie bargie that has deprived us of …. Jacquie Lambie.
You’re a God on economics Dear Leader, but so hot on security.