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Macro

NSW budget deficit likely to be around $19bn in FY22, $7.5-$10bn better than December's $30bn forecast

Last night NSW released its budget data for the month of April, which reaffirmed that the state's general government cash deficit for 2021-22 (FY22) will end up...
Kieran Davies
Coolabah Capital
Macro

Heads bankers and fund managers win, tails taxpayers lose

In the Australian Financial Review I write, what do you get when politicians hire bankers to run their treasury and fund managers to lead their debt issuance agency?...
Christopher Joye
Coolabah Capital
Macro

Peter Costello and Joe Aston on NSW becoming a massive levered hedge fund...

The scandal around NSW using tens of billions of dollars of taxpayer debt to turn itself into a gigantic leveraged hedge fund (reaping substantial fees for the...
Christopher Joye
Coolabah Capital
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