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Christopher Joye

Christopher Joye

Financial Review

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Business bankruptcies are at a 25-year high and that’s very bad news

In total 1131 businesses went bust in the month, which was the largest number since ASIC started collecting these statistics in 1999, writes...

latest 7

Financial Review

Christopher Joye

Inflation shocks bond bandits

The spike in US inflation has caught equity and debt investors napping.

12.04.2024 30

Financial Review

Christopher Joye

Next US inflation print could make or break 2024

Investors in aggressively long equities, real estate, junk bonds and private debt have been fervently punting on the likelihood of deep rate cuts...

05.04.2024 10

Financial Review

Christopher Joye

Central banks may be repeating their pandemic errors

Central banks delayed rate increases after the pandemic on the basis they could not forecast the future, but now use rubbery projections to...

22.03.2024 6

Financial Review

Christopher Joye

The world war for talent

As myopic states take more and more from their most successful citizens, others aspire to attract the best and brightest in a quest for intellectual...

01.03.2024 9

Financial Review

Christopher Joye

Macquarie secures record demand for bonds

Investors are retreating from illiquid assets in favour of high-yielding bank bonds.

23.02.2024 10

Financial Review

Christopher Joye

Where mortgage stress is on the rise

For all the back-slapping about the absence of a recession and assuredness around a soft landing, this cycle is not yet over.

16.02.2024 7

Financial Review

Christopher Joye

Delays in rate relief highlight uncertainty

Markets are once again being forced to defer the timing of the first interest rate cuts.

09.02.2024 4

Financial Review

Christopher Joye

Why you should ‘nowcast’ to get the best returns

The key to investment success is focusing on optimising the present rather than big speculative bets.

24.01.2024 2

Financial Review

Christopher Joye

This is what’s got to change before rates are cut

A stubbornly high inflation measure could scupper hopes of early interest rate relief.

19.01.2024 5

Financial Review

Christopher Joye

Sticky inflation in America signals risks

The latest US inflation data calls into question market expectations for heavy interest rate cuts this year.

12.01.2024 2

Financial Review

Christopher Joye

Volatility brings opportunity in bonds

Bond issuers’ nervousness about the acute macroeconomic and geopolitical risks has resulted in a flood of supply in the first week of 2024.

05.01.2024 10

Financial Review

Christopher Joye

Future for house prices hinges on what the RBA does next

As we move into the new year, the bellwether markets of Melbourne and Sydney are falling.

27.12.2023 30

Financial Review

Christopher Joye

Why you should be sceptical of the market rally

Investors are ignoring geopolitical risks and have swallowed the “immaculate disinflation” thesis hook, line and sinker.

23.12.2023 30

Financial Review

Christopher Joye

New Zealand’s recession is a warning for the rest of world

While markets are rejoicing about the prospect of lower interest rates next year, stagflation across the ditch points to very different possibilities.

15.12.2023 20

Financial Review

Christopher Joye

Developing the alpha edge - three funds management success stories

With the advent of the $3.5 trillion in compulsory savings via superannuation, Australia has become a breeding ground for some of the best investment...

08.12.2023 10

Financial Review

Christopher Joye

New-look RBA will be a stronger inflation-fighter

Appointing an outsider to the RBA’s second most important job will harden its inflation-fighting resolve.

01.12.2023 10

Financial Review

Christopher Joye

With saving buffers nearly exhausted, 2024 will be grim

As we gaze forward to next year, investors need to imagine what life is going to be like without these savings buffers artificially inflating growth.

24.11.2023 40

Financial Review

Christopher Joye

Three reasons $A looks cheap

Our comparatively colossal cash buffers will take far longer to run down, which implies that the RBA will find it challenging wrestling inflation...

17.11.2023 10

Financial Review

Christopher Joye

The silver lining for investors from the latest rate rise

Despite mixed commentary on the RBA decision, the good news for investors is the availability of attractive interest rates on high-grade fixed income.

10.11.2023 10

Financial Review

Christopher Joye

RBA confronts credibility crisis

Martin Place faces an uphill battle to convince markets it is committed to combating inflation under new governor Michele Bullock.

03.11.2023 10

Financial Review

Christopher Joye

Will the RBA bow to political pressure?

The big question is whether the RBA can resist political interference to lift the cash rate in November.

27.10.2023 7

Financial Review

Christopher Joye

‘Spectacular’ opportunities in bonds amid rates vacillation

CBA bonds paying 6.5 per cent interest attracted a massive $3.1 billion of bids during the week

20.10.2023 10

Financial Review

Christopher Joye

Expect more pain in stocks and commercial real estate

As risk-free government bond yields surge towards 5 per cent thanks to higher-for-longer interest rates, there are profound consequences for the price...

06.10.2023 8

Financial Review

Christopher Joye

Bank stocks 17pc overvalued based on bonds

New research that extends the equity risk premium framework to bank stocks implies they face downside risks.

29.09.2023 6

Financial Review

Christopher Joye

Higher yielding hybrids are coming

It would be preposterous to let retail investors buy highly leveraged bank shares yet restrict them from investing in demonstrably less risky hybrids...

22.09.2023 8

Financial Review

Christopher Joye

Cash and bonds to beat equities and high-risk debt

Elevated sharemarket valuations imply that future returns will be very poor.

15.09.2023 10

Financial Review

Christopher Joye

Bond bandits will force politicians to bend the knee

While governments might seek to bribe voters in the short run, bond markets will not allow this to continue indefinitely.

08.09.2023 10

Financial Review

Christopher Joye

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