monetary policy

I was recently asked whether it is really true that the AA and AAA rated state governments are having to pay materially more to raise capital to fund their budget...

Today we look at a rough roadmap of what would need to happen on the road to suspending capitalism and markets being artificially held up indefinitely. Whilst we've...

By Sophia Rodrigues For the first time since announcing the package of measures on March 19, the Reserve Bank of Australia has opened up the possibility of lowering...

The global economy has only just commenced its recovery from the depths of the largest economic setback in modern history, yet stock markets have bounced strongly from...

The Reserve Bank of Australia recently guided the cash rate to 0.13% and expects it to remain around that level but there’s a reason why it has no plans to reduce the...

Investing across the cycle requires a firm grasp of the fundamentals, and perhaps nothing is more fundamental than the flow of money and credit.Indeed, the current...

Easing geo-political tensions and better growth momentum as we entered 2020 are but a distant memory. The month of March delivered rolling shocks—from the spread of...

By Sophia RodriguesA landmark moment in the Reserve Bank of Australia’s monetary policy went largely unnoticed last month – the use of two instruments to pursue...

The purpose of this blog post is to take an objective and balanced account of what may well end up becoming a generational buying opportunity in global equities. To...

The last seven days have been historic times in markets. The eleven-year bull market that started on 9 March 2009 finally ended eleven years and two days later, amidst...

Everything going on is nuts. Greek bonds are yielding less that Australian bonds, QE is on the cards from the RBA and the S&P500 is trading on a lofty 18 times forward...

We've spoken at length about lack of growth, demand and inflation in the global economy, and see government spending as one of the key ways inflation may see an...

In the latest episode of Coolabah Capital Investments' popular Complexity Premia podcast we discuss: a summary of the bond market’s performance in 2019; the...

The passing of Paul Volcker this week has seen an outpouring of tributes to “the giant who slayed inflation”. Whilst he is most well known for leading the Federal...

Neo-Fisherism is both interesting and amazingly counterintuitive at the same time. Whilst Neo-Fisherism has launched an attack on the Taylor Rule applied by central...

RBA Governor Lowe has detailed his preference for a possible RBA Quantitative Easing (QE) program after further possible RBA rates cuts. Lowe suggests ‘’if’’ the RBA...

In January 2014, over five years ago, we wrote in our Half Year Report: “As a nervous January in the markets comes to an end, we still believe the ending of active...

Opinion has been extremely divided about the recent Fed rate cut. Some say it was necessary and prudent, others say it wasn't needed, and there are even those who say...

It is a sign of the times when investors are asking these kinds of questions. How do you go bankrupt in Europe (or the US) when the central bank is your underwriter?...

Global debt today is as high as it ever has been. Driven by loose monetary and fiscal policies, leverage is enormous and market dislocations numerous. We are in...