inflation

Contrary to the conventional wisdom, inflation in the United States is not dead. Far from it. We believe inflation is coming back in a meaningful way and we’re...

Within the latest inflation figures lies some critical data: While the breadth of low inflation items is an ongoing concern, the RBA should be encouraged by higher...

Most of the time only a few things really matter with respect to the outlook for the global economy. If one can work out what those key debates are, and how they...

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...

Bond Bears have become vociferous again in line with the recent move higher in US 10 year yield, which has moved higher by 36 bp, the highest for the year thus far as...

Trends emerging in the household sector are becoming concerning, despite solid employment growth. The absence of an acceleration of wages growth, weak overall income...

Not really. In the words of Seth Klarman the legendary deep value Boston based hedge fund manager (of Baupost): “Never stop reading. History doesn’t repeat, but...

Local market recovered to finish a better than expected negative day after substantially weak lead from US market. Global markets were rattled by the terror attacks in...

It's worth reflecting upon the staggering level of international debt. Financial crises are invariably caused by debt. The Bank of International Settlement (BIS) has...

The latest hard data on global trade activity show a picture of volumes returning to trend growth. The chart below shows global container throughput activity and you...

Local market bounced back from yesterday’s underperformance on the back of strong commodities and AUDUSD. Banks were up on currency/yield trade while Resources were up...

The Fed is clearly well out in front in reducing monetary policy stimulus. Its stance was demonstrated again in June as the FOMC (Federal Open Market Committee)...