There is a massive challenge looming in plain sight for asset prices in Australia but before we lay out this threat to long standing Australian domestic bliss, we must make a quick stop at the macro station. In the US, rapid 1% plus declines across the yield curve suggest markets are spooked by something more […]
What a week it has been! Where does one even start? Let’s start with a headline we didn’t see: Historic Losses Occur as Wall Street Finally Realizes the Threat That the Coronavirus Poses to the Global Economy Having not watched Financial News on CNBC since about 2009, switching it on last week certainly bought back […]
It’s fair to say that last weekend’s POTUS Tweetfest was unhelpful to a rapidly deteriorating Global Economy. For those who missed it, here’s a summary below, courtesy of Zerohedge: “Jerome Powell’s Jackson Hole speech was supposed to be the most important event of an otherwise sleepy, August day, after which traders could quietly exit for […]
To some, the main event of the new Australian Financial Year was the RBA’s continued commitment to 0% interest rates for borrowers and -% for depositors. We agree this is important. Before we get to commentary around Aussie rates we’d like to make sure you didn’t miss the move of the Systemically important Global behemoth, […]
In the space of 6 weeks, the US Fed has gone from steady as she goes, 3 rate hikes to go in 2019, to considering policies so extreme that they weren’t used in the greatest financial crisis of the last 80 years. 6 weeks!! Shredding all remaining market credibility, in our irrelevant opinion. Peter Schiff […]
How quickly the news cycles turn… This time last week, geopolitical instability in the Middle East was of primary concern. Now, after another US/UK/France (no Germany) “Mission accomplished” we move to the next big “thing”, and we’re still no closer to piping gas through Syria, from Qatar, to Europe. Despite the US trade and hot […]
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