What do central bankers like to do in their spare time? If the annual meeting in Jackson Hole Wyoming is a gauge, they like hiking and canoeing. Both activities typically follow a set route and are performed at a leisurely pace. Should we expect anythin...
Learn moreUS consumers seem more Garfield than Furiosa at the moment with some good news on the inflation and consumer confidence fronts in May. Inflation may not be so sticky in the US after all? The Fed Reserve is however still talking tough. Inflation is still...
Learn moreStock markets in the US and Australia have been flirting with all time highs as the end of year rally continued into January but in China, the situation is not so grand. House prices and consumer spending are down again while stock market lows hav...
Learn moreWith the return of El Nino, conditions are hotting up in Australia. However, the US bond market is also feeling the heat with a sell-off leading to higher yields for longer-dated bonds. These are conditions not seen since the 1980s! Back in the People&r...
Learn moreOne governor leaves, another steps in, no change. In her first monetary policy meeting as governor, Michele Bullock kept interest rates unchanged at 4.10 percent. Interest rates are now on a knife edge with the RBA waiting on decisive data before ch...
Learn moreWhen America sneezes, Australia catches a cold but what happens to Australia when China chokes on a property crisis? We are about to find out! The property sector represents around a quarter to a third of the Chinese economy. Rather than rebounding afte...
Learn moreThis was the month that disappointment in China’s missing economic rebound turned into schadenfreude shock over further dire developments in its property market. Meanwhile, Australia and the US continue to chug along with slowing inflation and eco...
Learn moreDr Lowe signed off with another pause in interest rates - no final pull on the interest rate lever! With a slowing but resilient economy, the RBA is comfortable to stay on the sidelines and observe. It did however join the international chorus of co...
Learn moreCOVID-19 came as quite a shock to Australia's migration numbers. Australia went from an average net migration intake of 228,370 between 2016 to 2020 to -84,940 in 2021. This was the biggest fall in migration numbers since the First World War (see ch...
Learn moreCentral bankers were already suffering from analysis paralysis with inflation versus recession, but March has now thrown banking crises into the mix. We live in interesting times! The good news is that for the investor, there are gains to be had in vari...
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