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Macro

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

Macro

Beware the inflation snap-back: today's inflation isn't 1970s (part 1 of 4)

Runaway inflation is the theme du jour. “Protect your portfolio from hyperinflation” scream headlines from investment newsletters. I have an alternative scenario for...
Damien Klassen
Nucleus Wealth
Macro

Surging Canadian dollar a warning for RBA vis-a-vis tapering policy...

The Reserve Bank of Australia (RBA) will decide in July whether to extend the 3-year bond yield target and undertake further quantitative easing (QE) when the current...
Kieran Davies
Coolabah Capital
Macro

What are the best hedges against inflation?

A year ago, the big worry was depression and deflation, but the big worry now appears to have shifted to inflation. Just as share markets surprised with their rebound,...
Shane Oliver
AMP
Macro

Large structural demand for bonds remains despite economic data beats

Inflation at 4% is transitory, but with a tight supply chain, inflation might settle higher than 2% next year. The risk of U.S. Federal Reserve (U.S. Fed) tapering by...
Kate Samranvedhya
Kate Samranvedhya
Jamieson Coote Bonds
Macro

Challenging the inflation consensus

There are few investors currently prepared to take a contrary view on inflation. Most are expecting it to rise but view it as transitory - a shorter-term consequence...
Alison Savas
Antipodes
Macro

Five critical factors for the rest of 2021

Morgan Stanley has just released its mid-year global update. This is an opportunity for our global team of more than 750 analysts, strategists and economists in 21...
Nathan Lim
Lonsec Holdings
Macro

The most dangerous words in finance and economics

It is often said that the most dangerous words in finance and economics are that “this time is different”. I strongly agree with the sentiment, but it is best viewed...
Jonathan Rochford
Narrow Road Capital
Macro

RBA unlikely to taper stimulus given fragile forecasts

In the AFR this weekend I write that if the RBA’s powerful board was considering the possibility of pre-emptively tapering its monetary policy stimulus, recent...
Christopher Joye
Coolabah Capital
Macro

Australia’s bogus boom

The "recovery" of Australia’s economy from last year’s plunge into recession is much more apparent than real. Before the pandemic, deep-rooted and growing impediments...
Chris Leithner
Leithner & Company Ltd
Macro

A four point defence plan for inflation

In this note, I want to dig a little more into the topic of inflation, which I first mentioned in my comments of August last year. Raising the subject of inflation, in...
Jonathan Armitage
MLC Asset Management
Macro

Where is the natural rate of unemployment?

The Reserve Bank of Australia is committed to keeping easy monetary policy in place until it meets its ambitious goal of achieving full employment. By our...
Kieran Davies
Coolabah Capital
Macro

A Budget funded by "unconventional" means

When Treasurer Josh Frydenberg unveiled his “Securing Australia’s Recovery” budget, he delivered his address to Parliament without uttering the words “quantitative...
JBH
John Abernethy
Clime Asset Management
Macro

Inflation machinations

Markets and commentators alike are fixated on inflation, as signs suggest it is coming and will be anything but transitory. Meanwhile, most central banks –...
Kristiaan Rehder
Kardinia Capital
Macro

Dethroning 'King Dollar' a dangerous pastime

The investment outlook is about to get murky as we wade into a challenging period for markets. Turbulence from economic activity should start to pick up as the...
Chris Manuell, CMT
Chris Manuell, CMT
Jamieson Coote Bonds
Macro

The emerging plays in infrastructure

In parts of the world where COVID-19 is more under control, activity is returning to normal, particularly in toll roads and freight rail. Work-from-home is happening...
Edmund Leung
First Sentier Investors
Macro

Rising mortgage rates will help cool housing market (and the AAA rating debate)

In the AFR this weekend I write that over the years my column has been the staunchest possible defender of Australia’s prized AAA sovereign credit rating, regularly...
Christopher Joye
Coolabah Capital
Macro

Off the Charts! Panic in the US, $90 billion for Internet Computer, and how a US$16 billion poem went from bad to verse

No, it's not just you. The world felt peculiarly unstable this week. Was it the cyberattack in the US that struck the heart of a major infrastructure pipeline and...
XRO
Livewire Exclusive
Livewire Markets
Macro

Inflation fears to deliver volatility and opportunity

For those that found bond market pricing perplexing in the pre-Covid world, April’s strong performance in the face of very strong macro data is hard to explain....
Charlie Jamieson
Jamieson Coote Bonds
Macro

8 stats that should matter to investors

Our team were chatting recently about the amount of change in markets and economies over the last 12 months or so, and some of the weight of numbers that keep building...
Chad Padowitz
Talaria Asset Management
Macro

Druckenmiller: The most radical policy combination in history (and what it means for Australia)

Legendary investor Stanley Druckenmiller has launched a broadside at Jerome Powell’s Federal Reserve economic strategy. Kicking off in an OpEd piece in the Wall Street...
AMC
APT
+11
Patrick Poke
A Rich Life
Macro

Have we reached peak economy?

As world economies start to bounce back after their COVID-19 lockdowns, inflation is back on the agenda. US Federal Reserve Chairman, Jerome Powell, thinks the current...
Roger Montgomery
Montgomery Investment Management
Macro

Shane Oliver: Will Budget go far enough on housing and productivity?

You can be forgiven for thinking the content of this evening's yet-to-be-announced Federal Budget already feels like yesterday's news. (That's the 24/7...
Glenn Freeman
Livewire Markets
Macro

Why bad news is good news all over again

Thus far April’s US economic data has had a consistent theme despite the nation’s rapid progress on the vaccination front and the bounty of monetary stimulus that has...
Charlie Jamieson
Jamieson Coote Bonds
Macro

RBA shoots down inflation hawks

In the AFR on Friday I wrote that the wonkish deputy governor of the Reserve Bank of Australia, Guy Debelle, delivered some profoundly important home truths in a...
Christopher Joye
Coolabah Capital
Macro

Off the Charts! A mystery 20% price drop, Buffett breaks the NASDAQ and a $3.5 bn offer

Well, well, well. What a week it's been. Serenity fled the markets and panic seemed to be the biggest driver this week. Concerns about earnings reports (or lack...
APX
Livewire Exclusive
Livewire Markets
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