Reasons to be optimistic for the 'Lucky Country'

Livewire Exclusive

Livewire Markets

For a number of years Steen Jakobsen has been travelling to Australia with a somewhat downbeat message on the outlook for the local economy. Central to this has been the downturn in the commodity cycle and the significant rebalancing act that has had to take place. On his latest visit Jakobsen has delivered a more upbeat assessment, including a view that a Fed rate hike in December could also mark a bottoming of the commodity cycle. "I happen to think that the direction of the USD will be inversely correlated with the direction of the Federal Reserve policy... In 4 out of the last 5 cycles we have actually seen a peak in the USD to coincide with the first rate hike. Why am I telling you this? I am telling you this because it fundamentally changes the external factors that are so important for the Australian economy overall. I.E. A stabilisation of the commodity cycle." Watch the full interview for Jakobsen's views on the AUD and the RBA's next move.

1 topic

Livewire Exclusive
Livewire Markets

Livewire Exclusive brings you exclusive content from a wide range of leading fund managers and investment professionals.

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