In this thought piece for Ellerston Capital's new global macro fund, Glenn Stevens, the former RBA governor, has some fresh views on drivers of persistent low inflation in this fascinating read that also set this issue within a very long-term historical context. We distilled the highlights for you, and link... Show More
In an age where political correctness runs rampant, we are all having to be exceedingly conscious about how the things we say and words we use affect others. This is undoubtedly a good thing, but have we gone too far when our elected representatives are muzzled to stand up and... Show More
Philip Lowe is set to replace Glenn Stevens as governor of Australia’s central bank, inheriting an economy grappling with the onset of disinflation that forced policy makers to cut interest rates to a record low this week. Lowe, 54, the unanimous forecast of economists surveyed by Bloomberg in October, was... Show More
Events in Greece, falling iron ore prices and a correcting Chinese stock market have not altered the market expectation of the RBA this afternoon. Despite some buy flow this morning in the futures market the ASX produced RBA Rate Tracker shows only an 8% chance of a 25 basis point... Show More
The decision of the Reserve Bank of Australia (RBA) of cutting the official rate by 25 basis points was not all well received across the global financial markets. Ken Veksler, for example, who is managing director of London-based Accumen Management, says that with this decision, the RBA “has lost all... Show More
The Curious Case of Ben Bernanke. Ex-Chairman of the Federal Reserve, Ben Bernanke, is planning a memoir that will focus on his time at the Fed, the 2008 Financial Crisis, and on the 'Great Recession' that followed. Under his leadership, the Fed used every known tool to salvage the economy.... Show More
Glenn Stevens may have opened the door on currency intervention, yet many Analysts think it's unlikely that he will intervene. It's still a long way off. I think it is highly unlikely that they will intervene in the currency, but as a central bank, you never want to rule out... Show More