Global Debt Archives

September 23, 2020

Lacking Exposure

by Simon Phillips in Blog

From a macro economic standpoint, it looks like we’re going to start this week like any other over the past, however many years, with all eyes on central bank noise and policies. The rhetoric will be the same, “whilst we don’t believe there is a bubble in any asset market, we’ll do every “accommodation” we can think of to make sure […]

November 25, 2019

ZERO BOUND?

by Simon Phillips in Blog

Welcome to a new economic week. Last week we were forced to carefully reconsider, not just the continuance of Australian rate (down) trends, as demonstrated in the charts below but also the emergence of “the word”, inflation. What if rates were to fall to 0.50% and the cost of living went up by 5% in […]

April 13, 2019

POWERLESS

by Simon Phillips in Blog

During periods of pre-election farce it can be easy for investors to increase “domestic” bias when considering asset allocation, so we’ll do our best to stay “global” in this note, as a reminder of the effect international markets have on Australian investors. After a horrible final quarter of 2018 for financial markets Global Central Banks […]

February 11, 2019

SHIFTING PLATES

by Simon Phillips in Blog

Nothing lifts the animal spirits of markets quite like the smell of fresh rounds of central money printing, to go with the central banks that never stopped. The US Fed’s reversal in late January, (combined with intense early January jawboning from US Treasury Secretary and President to buy all the things) was sudden, and stunned […]

October 27, 2018

RED OCTOBERFEST

by Simon Phillips in Blog

Hell of a couple of weeks. And what is with gold going up with the USD? Haven’t seen that for a few years. Last week, probably worst for equities since Lehman Fukushima. So, after 9 years of “mission accomplished”, after almost a decade of negative and 0% interest rates in the OECD, designed only to hold the […]

September 18, 2018

STABLE PAPER MONEY

by Simon Phillips in Blog

A stable paper monetary environment is something most of us genuinely hope for. Unfortunately, both recent and long term history demonstrates such stability is rare. Generally, change comes about when, “something”, some, “out of the box” (for those not paying attention) “black swan event” swoops down and raids on the parade. Bugger, they say, how did that […]

August 27, 2018

NOTHING MUCH, JUST A BIT OF THIS N THAT…

by Simon Phillips in Blog

Before we get going today, we thought we’d just share this snippet of US equity market commentary over the weekend from Sovereign Man’s, Simon Black. • “For example, a full 60% of corporate debt issued by companies in the Russell 2000 (US small company index) is rated as JUNK.• How is this possible, an all-time […]

October 12, 2017

IT WORKS UNTIL IT DOESN’T… AND THIS TIME IS NO DIFFERENT

by Simon Phillips in Blog

t is truly surreal to continue living in a financial world where we have depression era interest rates, constant record highs in US shares, alongside European Junk Bonds paying less yield than a 2 year US treasury note. Let’s not forget the whole negative interest rate thing. Not in 5000 years has “the world” experienced […]

September 20, 2017

HISTORICAL PERSPECTIVES

by Simon Phillips in Blog

Financial experimentation continued last week with the US S&P 500 share index “levitating” to record highs in all main indices! On Friday the S&P 500 finished bang on 2500 points, right on the close. Golf Clap. Yep, no ICBM missiles, nukes, terror, crypto crash or dismal data is going to crash that party. It’s a […]

Tag Archives: Global Debt

Lacking Exposure

ZERO BOUND?

POWERLESS

SHIFTING PLATES

RED OCTOBERFEST

STABLE PAPER MONEY

NOTHING MUCH, JUST A BIT OF THIS N THAT…

IT WORKS UNTIL IT DOESN’T… AND THIS TIME IS NO DIFFERENT

HISTORICAL PERSPECTIVES

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