Max's Thoughts

Every month Max Walsh provides you with his thoughts on the economy.

Creative Disruption

Usually when Reserve Bank Governor Glenn Stevens delivers a speech he focuses on the current economic situation. Last week he ventured into unusual territory when he spoke to the annual... Read more

Max Walsh, 2 December 2015

A Cage Full of Tigers

Henry Kissinger once described the vicious nature of academic politics, where tenure protection provides a virtually sanction-free arena for the participants, as being the ideal training... Read more

Max Walsh, 3 November 2015

Malcolm and the Fairies

Stanley Baldwin and Neville Chamberlain were two of the leading lights of the British Conservative party in the 1930s. They had their differences, but had one shared determination: exclude... Read more

Max Walsh, 29 September 2015

Is the unthinkable becoming routine?

A few years back Andrew Haldane, the Chief Economist at the Bank of England, told a British parliamentary committee that global interest rates were at the lowest-ever level. A wise... Read more

Max Walsh, 25 August 2015

The Game of Bank Bargains

Last week at a lunchtime speech on leadership, the Commonwealth Bank chief, Ian Narev, told his audience that Australia needed “largescale financial institutions” to confront... Read more

Max Walsh, 29 July 2015, max's thoughts

Investors beware: Dangerous yields ahead

Why are interest rates so low? And how long will they stay that way? As the Bank of International Settlements (BIS) highlights in its annual report released this week...Read more

Max Walsh, 2 July 2015

Watch Out For Falling Ice

With the rise of China, we are observing the geopolitical equivalent of the melting of the polar ice caps...Read more

Max Walsh, 18 June 2015

Global recovery looking fragile

“The only thing we have to fear is fear itself.” This was Franklin D Roosevelt’s assurance to the US electorate when sworn in as US President at his first inauguration in 1933...Read more

Max Walsh, 4 June 2015

I have a feeling we are not in Kansas anymore

As Joe Hockey’s latest budget illustrates, it’s a lot easier for politicians to talk about economic reform than it is to actually implement it...Read more

Max Walsh, 20 May 2015


Back in 1945, the Australian parliament debated the wisdom of joining the Bretton Woods agreement that involved the creation of five international financial institutions. Led by the World... Read more

Max Walsh, 22 April 2015


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ABC Nightlife dates for 2020

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