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Christopher JoyeFinancial Review |
In total 1131 businesses went bust in the month, which was the largest number since ASIC started collecting these statistics in 1999, writes...
The spike in US inflation has caught equity and debt investors napping.
Investors in aggressively long equities, real estate, junk bonds and private debt have been fervently punting on the likelihood of deep rate cuts...
Central banks delayed rate increases after the pandemic on the basis they could not forecast the future, but now use rubbery projections to...
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...
Investors are retreating from illiquid assets in favour of high-yielding bank bonds.
For all the back-slapping about the absence of a recession and assuredness around a soft landing, this cycle is not yet over.
Markets are once again being forced to defer the timing of the first interest rate cuts.
The key to investment success is focusing on optimising the present rather than big speculative bets.
A stubbornly high inflation measure could scupper hopes of early interest rate relief.
The latest US inflation data calls into question market expectations for heavy interest rate cuts this year.
Bond issuers’ nervousness about the acute macroeconomic and geopolitical risks has resulted in a flood of supply in the first week of 2024.
As we move into the new year, the bellwether markets of Melbourne and Sydney are falling.
Investors are ignoring geopolitical risks and have swallowed the “immaculate disinflation” thesis hook, line and sinker.
While markets are rejoicing about the prospect of lower interest rates next year, stagflation across the ditch points to very different possibilities.
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...
Appointing an outsider to the RBA’s second most important job will harden its inflation-fighting resolve.
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.
Our comparatively colossal cash buffers will take far longer to run down, which implies that the RBA will find it challenging wrestling inflation...
Despite mixed commentary on the RBA decision, the good news for investors is the availability of attractive interest rates on high-grade fixed income.
Martin Place faces an uphill battle to convince markets it is committed to combating inflation under new governor Michele Bullock.
The big question is whether the RBA can resist political interference to lift the cash rate in November.
CBA bonds paying 6.5 per cent interest attracted a massive $3.1 billion of bids during the week
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...
New research that extends the equity risk premium framework to bank stocks implies they face downside risks.
It would be preposterous to let retail investors buy highly leveraged bank shares yet restrict them from investing in demonstrably less risky hybrids...
Elevated sharemarket valuations imply that future returns will be very poor.
While governments might seek to bribe voters in the short run, bond markets will not allow this to continue indefinitely.