quantitative easing

Clime Asset Management

Sometimes it seems like there’s nowhere to hide. Equity investors were smacked in the face over the month of October, with waves of selling hitting sharemarkets from Sydney to Shanghai and London to New York. Something like $7 trillion was wiped off the value of global sharemarkets. Tighter financial conditions,... Show More

Clime Asset Management

The first half of FY2017 has certainly delivered some unexpected outcomes - Donald Trump's election as the 45th President of the United States and the following positive market reaction stunned the world. Amidst the resulting volatility in bond and equity markets lies a wealth of opportunity for those who care... Show More

Clime Asset Management

Currency wars, increased market uncertainty and pending foreign election outcomes may see an adoption of more unconventional economic monetary policy in Australia. We believe investors need to take a conservative approach to portfolio construction, with a greater spread of assets and heightened awareness of risk in the bond market. Show More

Clime Asset Management

Balanced funds are reporting positive (all be it small) returns for '15/'16 in the wake of a poorly performing Australian stock market. This therefore suggests that those positive returns were generated elsewhere. We attempt to breakdown those figures to identify which asset classes actually delivered. http://www.clime.com.au/investing-report-archive/balanced-funds-returns/ Show More

Crispin Odey

Nobody wants a recession but sometimes recessions can be better than the alternative policies which not only destroy incentive structures but also create wrong price signalling, which in fact creates more mayhem as production reacts to misleading signalling, and ultimately leads to governments becoming even more involved in the economy.... Show More

Crispin Odey

Quantitative easing came out of Fisher’s work on business cycles in 1935. For him, what created the depression was the cycle of over-indebtedness allied to overcapacity, which ensured when prices declined, loans could only be repaid by assets being sold off. The debt paid back made the debt still owing... Show More

Magellan Asset Management

In our view, the current risk pricing environment for high-quality assets is quite extraordinary in a historical context. Pricing for sovereign credit, high quality corporate and financial credit and other high-quality defensive assets is at, or near, record highs at present. The pricing of high-quality assets reflects the prevailing environment... Show More

Saxo Capital Markets Australia

This week the Bank of Japan decided to continue with its QE program. “Governor Haruhiko Kuroda and his colleagues continue to put on a brave face and act as if everything is going according to plan; but it’s not”, says Max McKegg, MD of Technical Research. The BOJ’s outlook showed... Show More