Cash is King

Worried Australians have stockpiled fresh Australian banknotes during the current pandemic, with Note Printing Australia issuing over $10billion worth of new notes year to date, increasing the total supply of bank notes 13% from 84 to 95bln AUD. This is an interesting...

A Study of Pandemics

Just to see you smile, I’d do anything, that you wanted me to, And all is said and done, I’d never count the cost It’s worth all that’s lost                 Tim McGraw (1997)   Today’s note is several weeks in the making, as I’ve taken time to study past...

Youth Of The Nation

“Who’s to blame for the lives that tragedies claim, No matter what you say, It don’t take away the pain”                 P.O.D. [2001]   In Australia, we’ve been relatively lucky that our...

Polyester Girl

“So shiny, my polyester girl”                 Regurgitator [1997]   Real yields on 10-year US Treasuries hit -1% on Friday – a first for American history – indicating that an investor lending money to the US government (buying their bonds) would expect an...

Meanwhile Back at Mama’s

“Funny the things you thought you’d never miss, in a world gone crazy as this” Tim McGraw & Faith Hill (2014) This may be new news – but financial markets around the world are in varying stages of transitionary periods to new interest rate benchmarks. Existing...