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Macro

Understand the fast-changing domestic and global economic forces under the tectonic plates driving our markets.

Macro

Is it time to worry about the Corporate Debt Bubble?

The decline in US interest rates by the Federal Reserve to combat the GFC has left a mark on the investment landscape and triggered the rise of a new bubble – the...
Scott Shuttleworth
Scott Shuttleworth
Vega Capital
Macro

Is it time to sell hybrids?

The back-story... I try to put my money where my mouth is. A couple of months prior to the Federal Election, we shifted more than $100m into franked ASX hybrids for...
+1
Christopher Joye
Coolabah Capital
Macro

RBA lacks credibility on housing

Today I write that the RBA has been spinning stories (basically blatant BS) on housing, the most miraculous of which is the completely fallacious claim that cutting...
+1
Christopher Joye
Coolabah Capital
Macro

If rates are low forever, can asset prices fall?

There’s an increasing frequency of articles I have read suggesting that low rates are now a permanent feature of markets, as is the likelihood of central banks...
Roger Montgomery
Montgomery Investment Management
Expert Insights

Is this the start of something darker?

With the Fed on the precipice of another rate cutting cycle, markets face two potential scenarios, explains Charlie Jamieson, Chief Investment Officer at Jamieson...
Livewire Exclusive
Livewire Markets
Macro

A bull market in everything

One of the key principles of investing - diversification - works because different assets do well in different circumstances. Broadly speaking, shares go up when the...
Tom Stevenson
Fidelity International
Macro

The three forces driving Australian stocks to record highs

Australian equities have had a remarkable performance so far this year. In this interview, Portfolio Manager at Airlie, Emma Fisher, speaks with Adrian Amores about...
Airlie Funds Management
Airlie Funds Management
Macro

Look beyond trade tensions for sustainable growth trends

There always seem to be potholes in the road to emerging markets. Just this year developing country stocks have overcome bouts of volatility tied to U.S.-China trade...
Matt Reynolds
Matt Reynolds
Capital Group
Macro

The vulnerabilities in Australian corporate earnings

Equity investors rejoiced in June as the Fed signaled it may cut interest rates – but interest rates do not drive long-run equity performance. Profits do. While the...
Chris Bedingfield
Quay Global Investors
Macro

A throwback to the dark ages

President Trump has tweeted that he loves collecting “BIG TARIFFS”. In a...
Tony Cousins
Tony Cousins
BMO
Macro

Quantitative Easing will likely come to Australia

We remain positive for the outlook for Australia and expect its economic growth to exceed that of most other developed economies. This view is informed by observations...
John Abernethy
Clime Asset Management
Macro

Your crypto overlords are coming ...

I've never bought bitcoin nor did I get caught up in the 'crypto' mania of 2017. In our opinion, bitcoin and other digital currencies could never have been widely...
Scott Williams
Fiftyone Capital
Macro

Powell plans some insurance

The past week has been all about the US economy and the Fed’s reading of it. The June employment report produced a sharp upside surprise in non-farm payrolls growth:...
Sean Callow
Sean Callow
Westpac Bank
Macro

Why deflation is a real risk in the coming years

If bond yields were the litmus test it would be easy to believe that inflation in most countries is at zero or below. Bonds should provide investors...
Tony Cousins
Tony Cousins
BMO
Macro

Why are banks not passing on the full RBA rate cut

On July 2nd the RBA followed up on its 0.25% cut to the cash rate in the June meeting with a further 0.25% cut, taking the cash rate to 1.00%. At both cash rate...
+1
Jesse Imer
Jesse Imer
Macro

Two cheers for APRA on TLAC

After all of the misconduct exposed at the Banking Royal Commission it is somewhat fashionable to bash the regulators for their shortcomings. That’s fair enough as...
+1
Jonathan Rochford
Narrow Road Capital
Macro

Happiness is a matter of perception

Lower interest rates around the world have boosted asset prices in many countries. What’s interesting is that this hasn’t necessarily resulted in an increase in...
Clive Smith
Macro

Weekly Market Review: Goldilocks slays the bears

Global MarketsGlobal equities enjoyed another solid week, basking in the after glow of the US-China trade “truce” announced last weekend and continued...
David Bassanese
Betashares
Expert Insights

Two grey swans (flying this way)

The term ‘Black Swan’ in finance refers to an unpredictable and significant event. So what does the term ‘Grey swan’ mean? We recently put this to Daniel Farley, CIO,...
Livewire Exclusive
Livewire Markets
Macro

The battle of the banks – the RBA vs the Big Four

The RBA has taken the unusual step of back-to-back cuts to its official cash rate at its June and July meetings, taking the rate to an historical low of 1%. Along the...
+1
Ashley Kopczynski
Ashley Kopczynski
Janus Henderson
Macro

Aussie dollar brushes off RBA rate cut

Markets started the week on a positive note after the weekend meeting between presidents Trump and Xi. The two leaders reached a truce of sorts in their trade war,...
Sean Callow
Sean Callow
Westpac Bank
Rapid Fire

Watling: Australian recession is still my base case

Back in February, Chris Watling, CEO and Chief Market Strategist at Longview Economics, wrote that a recession in Australia was likely, and that rates would be cut to...
The Rules of Investing
Livewire Markets
Macro

An absence of chickens

In case you were wondering whether to sell all those boring defensive highly indebted infrastructure, utility and REIT stocks, look at these charts of the US,...
Marcus Padley
Marcus Today
Macro

Looking backwards to look fowards

As investors welcome in the 119th Financial Year since Federation in January 1901, we take a snapshot at where things are at right now, with an eye on the past...
Rod Skellet
Rod Skellet
Mason Stevens
Macro

House Prices Rise Again...

This week I write that the housing party is just getting started (click on that link to read the column or AFR subs can click here). Recall we forecast the end of the...
+3
Christopher Joye
Coolabah Capital
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