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Macro

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

Macro

RBA rate cut talk picks up, A$ slides

The Australian dollar has struggled this week, as a rise in Australia’s unemployment rate raised expectations of an RBA rate cut next month and the US dollar bounced...
Sean Callow
Sean Callow
Westpac Bank
Macro

Capitalism is dead

Today I argue that in response to the 2008 crisis central banks and treasuries have thrown the baby out with the bathwater. Unable to tolerate the pain associated with...
+1
Christopher Joye
Coolabah Capital
Macro

Housing and other markets in a time of QE

We think the likelihood of quantitative easing (QE) in Australia is tied closely to the risk of global recession. If you believe a global recession is near (we view...
Darren Langer
Yarra Capital Management
Macro

Where To Look For Yield?

The move lower in bond yields over the past quarter has been significant: US real yields recorded their biggest quarterly drop since 2011 (-60bps); global nominal...
Chris Watling
Longview Economics
Macro

The biggest ever jump in oil price (and what it means for investors)

According to Bloomberg, global oil prices have risen by the most on record after a strike on a Saudi Arabian oil facility. WTI (the benchmark in oil pricing) crude oil...
Anthony Doyle
Anthony Doyle
Firetrail Investments
Macro

Further upside in equities

Recent weeks have provided yet another reminder of how rapidly things can turn – while August brought about a sudden deterioration in the backdrop for financial...
Michael Strobaek
Michael Strobaek
Credit Suisse
Macro

ECB shunts RBA one step closer to QE

This weekend I write that the ECB's decision to start buying bonds again to reduce the long-term cost of capital (aka QE)---coupled with the Fed cutting in a few...
+1
Christopher Joye
Coolabah Capital
Macro

Central banks risk seeing their feted 'independence' watered down

William Martin is the longest-serving Federal Reserve chief, having served from 1952 when Harry Truman was president to 1970. A few years into the role, Truman saw...
Magellan Investment Partners
Magellan
Macro

Negative bond yields - what does it mean, and what’s the end game?

Since the beginning of this year, financial markets and expectations have turned decidedly bearish. Concerns about a Sino-US trade war, along with the so-called...
Chris Bedingfield
Quay Global Investors
Macro

Will Trump throw in the towel?

News last week that the United States and China would resume trade talks has understandably lifted the spirits of global investors. To my mind, the new twist in the...
David Bassanese
Betashares
Macro

Weekly Global Market Review

Global MarketsGlobal equities enjoyed another positive week thanks largely to confirmation that the US and China will again engage in another round of trade...
David Bassanese
Betashares
Macro

Aussie rebounds with global equities

The Aussie dollar had its best week since June, bolstered by equity sentiment linked to US-China trade talks and Hong Kong, while local data was good enough for the...
Sean Callow
Sean Callow
Westpac Bank
Macro

Trading places: Australia’s exposure to trade disputes?

The market has closely followed and quickly reacted to news about the trade negotiations between the USA and China. The resolution or escalation of trade disputes...
Sinclair Currie
NovaPort Capital
Macro

Deflation is Back... (but)

It's that D-word again. Deflation is knocking at the door of the global economy, as predicted back in February. But who is going to answer, and who is really at the...
Callum Thomas
Topdown Charts
Macro

This housing boom is very different

Today I explain why this housing boom is very different to its predecessors, and should not constrain the RBA from cutting rates further to hit its inflation and...
+1
Christopher Joye
Coolabah Capital
Macro

Overblown or under-appreciated? 6 risks the market may have wrong

Newspapers sell fear, while equity markets sell optimism. Basing an investment strategy on the latest financial headlines is a great way to destroy capital. But while...
Patrick Poke
A Rich Life
Macro

Nine reasons why recession remains unlikely in Australia

Australian economic growth has slowed to the weakest since the GFC. Talk of recession remains all the rage. And economists don’t have a great track record in...
Shane Oliver
AMP
Macro

Trade war escalation puts outlook on a knife edge

“Tell me why Xi should not continue to wait out ‘The World’s Greatest Negotiator’ who keeps ‘dealing with himself’?” An apt comment in hindsight from...
Scott Haslem
LGT Crestone
Macro

The sky is falling

There is a video on Livewire you should watch in their top trending articles from a chap called Donald Amstad from Aberdeen Standard Investments. You may not have...
Marcus Padley
Marcus Today
Macro

GDP Hotspots

Here are the Nucleus charts showing Australian GDP and which categories are responsible for the growth/decline. Each bubble represents a category of GDP proportionate...
Damien Klassen
Nucleus Wealth
Macro

If China sneezes, could the rest of the world catch a cold?

China is in the process of attempting to restructure its economy from a capital-intensive, investment-led model to a more Western-style, consumption-driven model,...
Alex Cousley
Alex Cousley
Russell Investments
Expert Insights

Trump has badly misread China’s hand

Donald Trump has been dialing up the tariffs and the rhetoric around the ongoing trade spat with China. Yet Xi Jingping has held a firm line and has been unwilling to...
Livewire Exclusive
Livewire Markets
Macro

Value Investing: a religious experience

Farmers of seasonal crops are at the whims of the weather. Despite the work and effort put into ploughing and seeding the field, the harvest is, in the end, dependent...
Damien Klassen
Nucleus Wealth
Macro

As the yield curve inverts, will the U.S. see negative interest rates?

Worries about economic recession, subdued inflation and a flight to quality have led interest rates in the U.S. to plummet in recent weeks. The flight to safety has...
Matt Reynolds
Matt Reynolds
Capital Group
Macro

Central bankers are only human

I’ve come to the realisation that central bankers, rather than being paragons of economic rationalism, are actually human beings. They are subject to the same...
Sean Fenton
Sage Capital
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