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Macro

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

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
Macro

Con Michalakis: A looming problem you can't price in

What challenges plague the mind of a CIO? SPACs and cryptos? An equity markets hangover? Or perhaps something more sinister and complex? We sat down with the chief...
Mia Kwok
Mia Kwok
Livewire Markets
Macro

Are we now at the top of the V-shaped recovery?

By now most investors are tiring of their inboxes being filled by sell-side economists and strategists talking about reflation, how much more optimistic they are...
Tim Toohey
Yarra Capital Management
Macro

Short and sharp: A little bit of patience

Much of the market’s interest in the Federal Reserve’s (Fed) review of its monetary policy has focused on its embrace of average inflation targeting. While the...
Seema Shah
Principal Asset Management
Macro

What to watch over the remainder of 2021

Over the last decade or so, it seems geopolitical risk has become increasingly significant for investors – particularly with the 2016 Brexit vote and Donald Trump’s...
Shane Oliver
AMP
Macro

Aussie budget moves into technical surplus, reshaping bond market expectations

In March the Commonwealth budget recorded a technical surplus, albeit it remained in clear deficit on a seasonally-adjusted basis. Along similar lines, the NSW budget...
Kieran Davies
Coolabah Capital
Macro

The next dominant theme of the decade

Those who twigged Web 2.0 would transform the world over the past decade are doubtless feeling pretty smug right now. And why not? The likes of Facebook, Amazon,...
Buy Hold Sell
Livewire Markets
Macro

Prepare for war, as probabilities rise above 50%

In the AFR today I write that long-time readers of this column have been hearing about the drum-beats of war between China and the US for the best part of a decade....
Christopher Joye
Coolabah Capital
Macro

Lower-than-expected consumer price rises paves Reserve Bank roadmap for inflation

Australian prices rose 1.1% year-on-year for the March quarter of 2021, with the official CPI rising 0.6% over the three months to March. The number came in much lower...
Kate Samranvedhya
Kate Samranvedhya
Jamieson Coote Bonds
Macro

China tensions remain despite post-Trump calm

It may seem like a distant memory now, but for much of 2018 and 2019, global markets were periodically shocked by the unorthodox diplomatic moves of then-President...
Andrew Macken
Montaka Global Investments
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