<turbo-stream action="append" target="latest-wire-list"><template>
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    <div class="wires-container divide-y divide-gray-200 w-full">


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    <div class="w-full sm:flex-grow order-2 wire">
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            <a class="pre-header-sm lg:pre-header-md uppercase text-primary hover:underline" href="/categories/macro">Macro</a>

          <div class="__Wires_TolTagComponent_49002 w-36"></div>
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          <time datetime="2021-08-19T08:47:55+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">August 19, 2021 08:47</time>
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          <div class="sm:flex-grow">
            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full ">
              Unravelling the Aussie bank liquidity mystery
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  A scarcity of Australian government debt meant that the RBA and APRA had to be creative when implementing the post-GFC global banking reforms, known as Basel 3.  The...
</div>

          </div>
</a>      </div>
        <div class="pt-4 pb-4 sm:hidden">
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    <div
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>
  <div class="flex items-center gap-2">
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">ANZ Group Holdings Ltd</div>
            <div class=" text-darkestgray truncate font-sans leading-4 font-semibold capitalize text-heavy-md">ASX:ANZ</div>
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    <div
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>
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    <div class="h-0 w-full flex justify-center">
      <div class="border-6 border-tooltipDownArrowLight"></div>
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    <div data-controller="tooltip">
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    <div
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>
  <div class="flex items-center gap-2">
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    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
  <div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">National Australia Bank Ltd</div>
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    <div class="h-0 w-full flex justify-center">
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      +1
</a></div>

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    <div
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>
  <div class="flex items-center gap-2">
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</a>  <div class="hidden" data-tooltip-target="content">
    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
  <div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">ANZ Group Holdings Ltd</div>
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    <div class="h-0 w-full flex justify-center">
      <div class="border-6 border-tooltipDownArrowLight"></div>
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    <div data-controller="tooltip">
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    <div
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>
  <div class="flex items-center gap-2">
    <span class="text-bold-md">CBA</span>
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</a>  <div class="hidden" data-tooltip-target="content">
    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
  <div>
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      <div class="p-4 flex group">
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Commonwealth Bank of Australia</div>
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</a>    <div class="px-4 mt-0.5">
      <div class="flex items-center py-4 border-t border-light">
        <div class="flex-grow text-darkestgray text-bold-sm" id="followed-count-stock_code-519">
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          <div 
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  data-load-engagement-count-target="follow"
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      </div>
    </div>
  </div>
</div>

    <div class="h-0 w-full flex justify-center">
      <div class="border-6 border-tooltipDownArrowLight"></div>
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  </div>
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    <div data-controller="tooltip">
  <a aria-label="NAB" data-controller="event" data-event-name-value="link_click" data-event-id-value="49002" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-nab">
    <div
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>
  <div class="flex items-center gap-2">
    <span class="text-bold-md">NAB</span>
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</div>

</a>  <div class="hidden" data-tooltip-target="content">
    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
  <div>
    <a data-controller="event" data-event-name-value="link_click" data-event-id-value="1367" data-event-statisticable-value="stock_code" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tooltip&quot;}" href="/stock_codes/asx-nab">
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">National Australia Bank Ltd</div>
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</a>    <div class="px-4 mt-0.5">
      <div class="flex items-center py-4 border-t border-light">
        <div class="flex-grow text-darkestgray text-bold-sm" id="followed-count-stock_code-1367">
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</div>

    <div class="h-0 w-full flex justify-center">
      <div class="border-6 border-tooltipDownArrowLight"></div>
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  </div>
</div>

    <div data-controller="tooltip">
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    <div
  class="lw-badge rounded-2xl  md"
  
  
>
  <div class="flex items-center gap-2">
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    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
  <div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Westpac Banking Corporation</div>
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      <div class="flex items-center py-4 border-t border-light">
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    <div class="h-0 w-full flex justify-center">
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  </div>
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        <div class="mt-2 lg:mt-4">
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      <div>
        Coolabah Capital
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          <time datetime="2021-08-19T08:31:30+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">August 19, 2021 08:31</time>
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  Interesting thoughts here from UBS on the RBA&#39;s QE program (see below), which reflects the emerging consensus, although I would personally like to secure some more...
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        Coolabah Capital
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          <time datetime="2021-08-19T08:14:55+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">August 19, 2021 08:14</time>
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              Woodside returns to profit
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  All but drowned out by the mammoth merger news with BHP, Woodside Energy (WPL) announced a solid return to profit for the 1H21. Revenue was in-line with consensus at...
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              Four signals from the Fed you don&#39;t want to miss
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          <time datetime="2021-08-18T18:20:42+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">August 18, 2021 18:20</time>
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              AUDUSD may be the canary in the Equity bubble
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  Local market started positive and faded into a slight negative close with BHP pulling the index lower. Global growth worries and local recession worries continue to...
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          <time datetime="2021-08-18T13:45:06+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">August 18, 2021 13:45</time>
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              Finding Value in ESG
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  Using carbon pricing as a research input is an illustration of our integrated approach to evaluating ESG considerations in our normal investment due diligence process....
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              Be long what China is short. Be short what China is long
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    The Chinese market presents an enigma for businesses: On one hand, the sheer size of the population is an enticing prospect as it gradually grows wealthier. On the...
</div>

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              Lost decades and half-centuries: gold turns 50!
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  I have directed Secretary Connally to suspend temporarily the convertibility of the dollar into gold or other reserve assets, except in amounts and conditions...
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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>Two stocks to watch in the decarbonisation <span class="whitespace-nowrap">space<svg xmlns="http://www.w3.org/2000/svg" width="24" height="18" viewBox="0 0 24 18" fill="none" stroke="currentColor" id="embed_video" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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  In this interview with Gary Rollo, Portfolio Manager of the Montgomery Small Companies Fund we focus on the bull market associated with the decarbonisation thematic,...
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  In June this year, Philips was forced to recall 14 sleep and respiratory care devices due to safety concerns. While this has been a setback for the Dutch company, it’s...
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        Montgomery Investment Management
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          <time datetime="2021-08-18T09:20:27+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">August 18, 2021 09:20</time>
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              Poised to deliver. Two emerging themes investors can’t ignore
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  Plus, the short-term impact of stylistic factors in an already attractive sector.   Over the last few years, larger, &quot;growthier&quot;, US-based businesses have outperformed...
</div>

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          <time datetime="2021-08-18T08:41:14+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">August 18, 2021 08:41</time>
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              How to find the winners in the mining services sector
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  At a time of bumper dividend payouts from the likes of Rio Tinto (ASX: RIO) and BHP (ASX: BHP), most investors seeking a resources exposure would be happy to invest...
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        Independent Investment Research
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              3 biotech investing lessons from a VC veteran
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  Like all good venture capitalists, I started my career in the trenches working on the front line of my target industry, as a molecular biologist at LaTrobe University....
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        Horizon 3 Biotech
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          <time datetime="2021-08-17T18:32:22+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">August 17, 2021 18:32</time>
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              Tapering growth to raise stagflation risk
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  The local market started negative and kept on sliding into the close for the second day in a row. Global growth worries and local recession worries continue to rise on...
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          <time datetime="2021-08-17T16:54:09+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">August 17, 2021 16:54</time>
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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>Why Elanor Investors is acquiring 50 Cavill <span class="whitespace-nowrap">Avenue<svg xmlns="http://www.w3.org/2000/svg" width="24" height="18" viewBox="0 0 24 18" fill="none" stroke="currentColor" id="embed_video" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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  Elanor Investors Group (ASX: ENN) is a real estate investment firm that invests across multiple asset classes including commercial, office, retail, hotels and leisure...
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          <time datetime="2021-08-17T16:12:32+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">August 17, 2021 16:12</time>
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              How to do sustainable investing right
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    The Alphinity Sustainable Share Fund and Global Sustainable Equity Fund both invest in companies we have found to be doing good for society and the environment (by...
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          <time datetime="2021-08-17T15:34:42+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">August 17, 2021 15:34</time>
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              Six reasons why shares are at or near record levels. But is it sustainable?
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  Despite lots of worries – around the resurgence of coronavirus driven by the Delta variant, peak growth, peak monetary and fiscal stimulus and high inflation – global...
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          <div class="sm:flex-grow">
            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full max-w-[60%] ">
              REITs and inflation – where is the sweet spot?
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  We’ve often stated that real estate (listed and direct) tends to outperform equities during periods of high inflation and I have previously cited the following chart...
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        Quay Global Investors
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        <time datetime="2021-08-17T13:36:01+10:00" data-controller="datetime" class="hidden sm:block sm:flex-none order-1 w-36 uppercase pre-header-sm lg:pre-header-md text-darkgray">August 17, 2021 13:36</time>
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