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Christopher Joye

Christopher Joye

Financial Review

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The bond sales that could save another RBA rate rise

An “active taper” off the Reserve Bank’s balance sheet would be helpful if core inflation remains sticky and the sale doesn’t create market...

previous day 8

Financial Review

Christopher Joye

RBA has trick up its sleeve that could avoid much higher rates

Martin Place might be tempted by this option if it feels it has to tighten monetary policy and not just rely on its overnight cash rate to do the...

19.05.2023 10

Financial Review

Christopher Joye

Mortgage stress to rise as RBA flags risk of higher rates

Our central bank is behind the curve in its battle against inflation compared to global peers.

12.05.2023 20

Financial Review

Christopher Joye

A second rising cycle means more pain for asset prices

The RBA’s “shock” move this week signals that interest rates are likely to remain high for a long time, putting more pressure on equities and...

05.05.2023 4

Financial Review

Christopher Joye

Fans of risky assets ‘living in a parallel universe’

A world where interest rates remain high – and will potentially increase again – is bad for share prices.

28.04.2023 10

Financial Review

Christopher Joye

States need fiscal revolution to avoid debt bomb

NSW Treasurer Daniel Mookhey is laying the groundwork for a revamping of state government finances.

21.04.2023 6

Financial Review

Christopher Joye

Is the banking crisis over?

As regulators guarantee the safety of banks, risks will shift into the non-bank lending domain.

14.04.2023 1

Financial Review

Christopher Joye

Is the RBA’s cycle over?

Although Martin Place has paused its tightening cycle, the risk of further rate increases has not completely disappeared.

05.04.2023 10

Financial Review

Christopher Joye

Worst default wave since global financial crisis

Rating agency Standard & Poor’s is forecasting that the US rate of business failures will double by the end of this year.

31.03.2023 40

Financial Review

Christopher Joye

Bank short-sellers turn to the next most obvious target

US and European regulators need to speed up the intensity of their own policy reaction functions to these contrived attacks on systematically...

25.03.2023 10

Financial Review

Christopher Joye

Credit Suisse wipeout shows why blind diversification is dangerous

Aussie bank hybrids are showing resilience in the face of recent events, but investors are learning that the search for yield is a reach for risk.

24.03.2023 4

Financial Review

Christopher Joye

Bank failures show the zombie apocalypse has begun

If there was any doubt, our long-awaited interest rate-fuelled default cycle is here. And it’s ruthlessly wiping-out exposed zombie companies left,...

17.03.2023 30

Financial Review

Christopher Joye

Investors are going to learn some tough lessons on illiquidity

Those who sucked up illiquid assets after the GFC believing rates would stay low for long have the unenviable task of pivoting back into...

10.03.2023 10

Financial Review

Christopher Joye

The news for asset prices only gets worse

In their quest to crush inflation, central bankers are going to crush everything.

10.02.2023 10

Financial Review

Christopher Joye

Real interest rate hammer has yet to fall

Many borrowers are about to suffer huge interest rate increases independently of the Reserve Bank of Australia’s moves.

27.01.2023 20

Financial Review

Christopher Joye

Markets bet on little interest rate relief

Investors believe the Reserve Bank of Australia’s cash rate will peak at 3.5 per cent, but are not pricing in much in the way of future cuts.

20.01.2023 4

Financial Review

Christopher Joye

Interest rate rises could end sooner than you think

The sharp decline in US inflation means we are approaching the end of the rising interest rate cycle.

13.01.2023 30

Financial Review

Christopher Joye

The great regime change: growth and cheap money are dead

This inflation crisis has changed the world and asset prices forever, and will lead to a structural break and a fundamental shift in the way things...

21.12.2022 40

Financial Review

Christopher Joye

What the coming recession will look like

It will be longer than normal and unlikely to be followed by a big bounce in prices like past downturns.

16.12.2022 20

Financial Review

Christopher Joye

Why next year’s global recession will be severe

A global recession next year will pose challenges for many asset classes including shares and illiquid investments that have not yet adjusted to much...

09.12.2022 10

Financial Review

Christopher Joye

No evidence of a housing market bottom

The pain is set to continue for many more months to come unless the Reserve Bank swings 180 degrees and starts cutting interest rates.

02.12.2022 50

Financial Review

Christopher Joye

Interest rate shock just around the corner

Many borrowers who took out ultra-cheap home loans will soon face mortgage rates that are 40 per cent more than the maximum their lender thought they...

25.11.2022 70

Financial Review

Christopher Joye

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