The RBA has come under fire because it has not yet begun cutting interest rates like the Euro area, US, UK, Canada, and New Zealand. “RBA looking sillier by the day.” Stephen Koukoulas, Market Economics. However, the RBA did not rais...
Learn moreEven when central bankers are surprised, they do so conservatively. Jerome Powell cut rates 50 bps but then did his best to allay any concerns that the US economy is secretly worse than it seems. Meanwhile, in Oz, the RBA remains alert but not alar...
Learn moreThe RBA left rate on hold again at 4.35%. Michele Bullock, Governor of the Reserve Bank of Australia (RBA), is feeling the pressure. Rates are falling elsewhere, even across the ditch in New Zealand. Comments from the Treasurer and a former Labor tr...
Learn moreWhen the world’s biggest alternative asset manager, USD 1.1 trillion AUM, makes some big bets on Australia, the world takes notice. Over 13 years, Blackstone has invested USD 17 billion in Australia. However, a single new investment announced ...
Learn more“Sunbaker” Max Dupain’s 1938 photo captures Australians’ love of the sun. But this love affair has a dark side. Australia does not lead the world in terms of solar UV exposure but it does lead the world in the incidence of UV...
Learn moreWhat 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 moreMany see LNG as a bridge to greener energy. Less emissions than coal and more reliable than wind and solar. For Australia it has come out of nowhere to be a golden bridge. But there is debate over how long that bridge will stretch. It may end sooner tha...
Learn moreThe RBA left rates on hold at 4.25%. The RBA does not want to have to raise rate but it is deeply concerned about the forecasted path of inflation. Inflation is now expected to take even longer to fall within the target band! For the mome...
Learn moreContinuing good inflation data in the US has sent markets into the “great rotation”. However, the Federal Reserve still needs a little more good news before it decides to cut. In Australia, the all-important June quarter CPI print was a mixe...
Learn moreAt 10:08 am (AEST) on 15 July 2024, the ASX 200 broke the 8,000 barrier for the first time (see chart below). But unlike the breaking of the 7,000 mark in January 2020, it was more of a raspberry than a bugle call. There is too much uncertainty around t...
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