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Macro

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

Macro

Aussie dollar recovery stalls

This week the RBA held its cash rate steady at 0.75% and made clear that it expects to hold again in December. It was able to send such a message without much fear of...
Sean Callow
Sean Callow
Westpac Bank
Macro

The next year could be very good

Today I write that while there are reasons to be optimistic about the next 12 months, being psychologically fractured in your thinking is no less important. More...
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Christopher Joye
Coolabah Capital
Macro

5 reasons I'm not fussed about the global outlook

There is always someone telling us that there is some sort of economic/financial disaster coming our way. However, there does seem to be a higher level of hand...
Shane Oliver
AMP
Macro

Can easing geo-political tensions save the macro cycle?

17th century British poet, George Herbert, penned “Do not wait; the time will never be ‘just right’.” This is, of course, a challenging retort for...
Scott Haslem
LGT Crestone
Macro

Housing: Dead cat bouncing?

Back in 2017, we outlined the case for an Australian recession based on a retrenchment of household spending brought about by a negative wealth effect. At the time the...
Chris Watling
Longview Economics
Macro

Podcast: Royal Commission fallout discussion with Author of "A Wunch of Bankers"

Hi all, something a bit different today with our weekly investment-centric webinar (also presented in podcast format) for those of you who haven't seen it. Episode...
Damien Klassen
Nucleus Wealth
Macro

Nucleus Investment Insights Podcast - Distressed Debt Economic Lessons with private Lending CEO

Hi all, something a bit different today with our weekly investment-centric webinar (also presented in podcast format) for those of you who haven't seen it Episode...
Damien Klassen
Nucleus Wealth
Macro

Have the seeds of the cycle's end been sown?

From Washington to Beijing, London to Hong Kong, and seemingly everywhere in between...Has the disruption of the geo-political status quo already...
LGT Crestone
LGT Crestone
Macro

Australia: Lacking vision not capital

A few weeks ago, Sir Frank Lowy, one of Australia’s most successful business men, presented a simple solution for managing the Commonwealth budget and financing a...
John Abernethy
Clime Asset Management
Macro

Back to life

Music is wonderful in that it’s often recycled and reused to create new songs that can give old songs a new lease of life. It’s also a painful reminder of getting...
Kerry Craig
J.P. Morgan Asset Management
Macro

BetaShares: Weekly Bassanese Market Bites

Global MarketsGlobal stocks rose for the third week in a row, reflecting another (so far) better than feared US earnings season, tentative signs of stabilisation...
David Bassanese
Betashares
Macro

RBA jitters still weighing on the Aussie

Former British Prime Minister Theresa May’s various Brexit plans and parliamentary votes were naturally of great interest to UK markets. But for the most part, the...
Sean Callow
Sean Callow
Westpac Bank
Expert Insights

Earnings growth could be negative in the next year

In a recent survey, investors said the risks that concerned them most were tensions between the world’s major economies, the White House administration and the...
Livewire Exclusive
Livewire Markets
Macro

Do negative yields really matter?

I always judge the severity of any market theme by how often it crops up in conversation around the desk. And in truth, we don’t talk about negative yields at all.I...
abrdn .
abrdn
Macro

BetaShares Global Markets Update

Global MarketsGlobal equities ground higher again last week reflecting ongoing hopes with regard to US-China trade discussions, encouraging US earnings reports,...
David Bassanese
Betashares
Macro

The Bull Macro case under the Microscope

What could go right? In this wire, I’m taking a break from pessimism. I want to play devil’s advocate and explore what could go right with economic growth and...
Damien Klassen
Nucleus Wealth
Expert Insights

A US recession is not imminent

The team at Credit Suisse follow seven indicators to give them a read on the likelihood of a recession in the United States. Right now, only one of the seven...
Livewire Exclusive
Livewire Markets
Macro

Why is the RBA stimulating the housing market?

The Australian Bureau of Statistics informs that the weighted average residential property price in the 8 capital cities has fallen for the sixth...
Tony Cousins
Tony Cousins
BMO
Macro

A$ on the rise: Deal or no deal?

The US and China are still talking about a trade deal, which is a positive outcome from last week’s meetings given the diplomatic tensions leading up to the meeting....
Sean Callow
Sean Callow
Westpac Bank
Macro

Big banks have never faced more competition...

Today I write that the ACCC inquiry into the big banks, and the front book/back book fracas that reportedly precipitated it, are completely bogus. Let’s get a few...
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Christopher Joye
Coolabah Capital
Macro

The world economy has backed itself into a corner

The European Central Bank has cut its deposit rate from negative 0.4% to negative 0.5% and is restarting quantitative easing by buying debt at a rate of 20 billion...
Tony Cousins
Tony Cousins
BMO
Macro

Technology Eliminates Mid Skilled Jobs

Our latest extensive trip across the US (California, Arizona, Illinois, Washington, New York, Florida, Washington DC) highlighted the strength of the domestic labour...
Brigette Leckie
Brigette Leckie
Koda Capital
Macro

How to prevent a recession we don’t have to have

Back in November 1990, with the Australian economy deep in the doldrums, Treasurer Paul Keating uttered his now famous remark that this was “a recession that Australia...
Roger Montgomery
Montgomery Investment Management
Macro

The end game approaches for monetary policy

This week I was encouraged to see Shayne Elliott, CEO of ANZ, raise the following; Shayne Elliott… has called on federal Treasurer Josh Frydenberg to convene a summit...
Brett Gillespie
Brett Gillespie
The Super Investor
Macro

Severe risks ahead for markets

September delivered further weakening in the global macroeconomic environment, justifying the large global policy accommodation (mainly via interest rate cuts and...
Charlie Jamieson
Jamieson Coote Bonds
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