Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market delivered fifth negative day in a row, albeit small negative, despite very positive global lead. RBA and the federal government are working as an efficient tag team in confusing the market and killing confidence. We had a brokers claiming that rate rise in Australia won’t happen till 2018. The basic facts are that if we trundle along the current path, we should expect our currency will fall substantially in 2016 and drive up inflation and force RBA to put up rates. Then it will be too late and the asset bubbles will take its full toll on the economy and drive us to recession. It is naïve of us to assume that US rate rise later this year will not have flow on effect. Interest rates in Australia will go up by 2017 and we either make the right policy settings to be ready or the economy will have a “recession we had to have” moment. (VIEW LINK) NEXT EDITION ON THURSDAY 14th...ROAD TRIP TO MELB

Mathan Somasundaram
Founder & CEO
Deep Data Analytics

Over 30 years’ experience in the finance/tech industry. Mathan has worked extensively in all parts of the finance sector (i.e. County NatWest, Citi, LIM, Southern Cross, Bell Potter, Baillieu Holst and Blue Ocean Equities). Currently Founder and...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment