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Macro

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

Macro

A fragile and volatile world

“Beware the Ides of March” Global share markets opened the new year with mild optimism that inflation and interest rate risks were becoming more manageable and...
Bob Cunneen
MLC Asset Management
Macro

ChatGPT's take on Australian inflation

Three charts to explain this month's CPI print with commentary written with the help of ChatGPT.
Macrobond Financial
Macrobond Financial
Macro

Will Deutsche Bank be the next domino to fall?

That is the question on investors’ minds following the plunge in Deutsche Bank’s share price and the record spike in credit default swaps late last week. Will Deutsche...
Adrian Chow
Realm Investment House
Macro

Options for budget repair for the new NSW government

Fiscal repair will be a priority for the new government given still-large deficits will propel already substantial debt even higher.
Kieran Davies
Coolabah Capital
Macro

Moral Hazard in the Tech Industry: The Case of Silicon Valley Bank

In this episode of Stocks Neat, co-portfolio manager Gareth Brown joins me, all the way from London, to delve into the Silicon Valley Bank bankruptcy and the broader...
Steve Johnson
Forager
Macro

Charts of the Week - The Fed balance sheet grows, AT1s turn risky, and the outlook for real estate

This week’s charts address the repercussions of banking crises on both sides of the Atlantic
Macrobond Financial
Macrobond Financial
Macro

This banking crisis is far from over

Tim details the likely implications for Australia and concludes that despite the coming headwinds, Australian banks will remain resilient.
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Tim Toohey
Yarra Capital Management
Macro

Lessons from the Credit Suisse wipe-out

Don't move down the capital structure unless you are comfortable with the company's underlying default risk...
Christopher Joye
Coolabah Capital
Macro

Regulators need to combat speculative attacks on systematically important banks like Deutsche Bank

High velocity digital deposits have opened-up big banks to attacks by speculative short-sellers trying to engineer a crisis of confidence
Christopher Joye
Coolabah Capital
Macro

Lessons from past financial crises for the RBA’s monetary policy

A central bank will prioritise financial stability over dealing with high inflation if the instability evolves into a financial crisis.
Kieran Davies
Coolabah Capital
Macro

The FED doesn’t blink

It still raised rates despite upheaval in the banking sector
Daniel Siluk
Kapstream
Macro

Where in the world of stocks and bonds T. Rowe Price is investing now

"Clearing fog" in global equities and a return of balance to credit assets boosts investment potential, say these two portfolio managers
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Glenn Freeman
Livewire Markets
Macro

The RBA strongly signals a pause in April

The RBA will consider pausing in raising rates at its April board meeting.
Kieran Davies
Coolabah Capital
Macro

Banking crisis: All you have to fear is fear itself

The banks having problems now are the ones that stuffed up their hedging. The ones that stuffed up their lending are still to come.
Damien Klassen
Nucleus Wealth
Macro

Brace, brace, brace

The commentariat until recently had shifted from hard to soft landing to no landing at all. All of a sudden, those lags in monetary policy don’t look so long and...
Andrew Canobi
Franklin Templeton
Macro

Charts of the Week - Inverted curves, the SVB effect, and pessimistic Britain

This week’s charts revisit the evolution of Fed funds futures as the US central bank heads into a potentially pivotal meeting
Macrobond Financial
Macrobond Financial
Macro

Cost-push or demand-pull inflation?

The RBA is fighting inflation with higher rates but how effective will it be without suitable fiscal policy support?
John Abernethy
Clime Asset Management
Macro

UBS buys Credit Suisse in CHF3 billion deal, bonds fully protected as AT1s are zeroed (Updated)

UBS acquires CS, imposing 89% losses on shareholders from 12mths ago, CS bonds/deposits are unaffected while hybrids are written-off
Christopher Joye
Coolabah Capital
Macro

The Risk of Higher Rates the RBA’s Overlooking

Its policy rate is well below the Fed’s. That can’t last: the RBA can’t indefinitely fight and must ultimately follow the Fed.
Chris Leithner
Leithner & Company Ltd
Macro

Inflation was the focus - then global banking broke

It's been a remarkable week for global banks - and the implications for two huge central bank meetings this week are still up for debate.
Hans Lee
Livewire Markets
Macro

Not just your regular bank failure?

Throughout history, many, many, banks have failed. In the US, bank failures are surprisingly common and even in more recent times – the Federal Deposit Insurance...
Janu Chan
Bitesized Economics
Macro

The 99 states of America, how NATO is set to become a de facto $ zone. Investors need to think accordingly

After a New Year bounce in markets, we began to notice that asset allocators were buying ‘tail risk’ insurance ahead of the March options expiry and saw the reason for...
Mark Tinker
Toscafund HK Limited and Market Thinking Limited
Macro

Why US inflation is still concerning

There are some concerning US inflation categories. This report did little to support the argument than inflation is going to fall rapidly.
Damien Klassen
Nucleus Wealth
Macro

Vimal Gor: This is the moment you've been waiting for

The Federal Reserve's latest moves have shifted the narrative, argues the high-profile former Pendal fixed income and duration head.
Ally Selby
Livewire Markets
Macro

What’s the Fed to do?

3 things you need to know prior to today’s CPI Release
Macrobond Financial
Macrobond Financial
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