Main Macro Summary from Sunset Strip: (1) No rate rises in Australia till 2017...rate cut next year 25-50 bps (2) Unemployment going close to 7% in 2015 and...

Main Macro Summary from Sunset Strip: (1) No rate rises in Australia till 2017...rate cut next year 25-50 bps (2) Unemployment going close to 7% in 2015 and remain above 6% well into 2016 (3) Consumer spending this Christmas will be a retail killer (4) Property Bubble in the making and will eventually come back to bite margin investors (5) Investors after decent return to cover rising costs will chase equity yield (6) Global growth to experience more downgrades in 2015...expect more stimulus from Japan, Euro and China (7) Domestic market risk rising with tax white paper, financial sector inquiry and mid-year budget update due soon. More and more economists are now moving towards our macro view from the start of the year...rate cut in 2015 and unemployment tidal wave to hit 6.5-7.0% in 2015.