January 2024
- Opinion
- Sharemarket
With inflation falling faster, investors need to grab yield
Lower petrol prices, lower electricity and gas prices, a rising Australian dollar and zero inflation in China all point to a rapid decline in inflation in Australia.
October 2023
- Opinion
- Sharemarket
Interest rate rises test markets, but remember it is a long game
Over the next 12 months at least, fixed income returns will likely match and possibly exceed those of equities.
August 2023
- Opinion
- Bonds
The asset prices tipped to grow in the coming year
Rising bond yields mean that the risk-free rate of return will lift and be a headwind for the pricing of all assets in the coming few years.
July 2023
- Opinion
- Interest rates
Here’s the real solution to fighting inflation
Does anyone in the government bureaucracy understand that take-home pay is more important than pre-tax wage increases?
May 2023
- Opinion
- Federal budget
The fiscal policies that should be in the budget – but probably won’t
Having completed a review of the RBA’s deficiencies, it may well be time to review the performance of Treasury.
March 2023
- Opinion
- Inflation
Fiscal policy tweaks to avoid causing a recession
If an HSC student can get the difference between cost and demand inflation, why aren’t more targeted measures being used to rein in inflation?
December 2022
- Opinion
- Bonds
What rising bond yields mean for Australia – and the world
Australia has emerging costs from an ageing population, a forecast NDIS blowout, and childcare initiatives. It’s the cost of servicing government debt, though, that deserves new focus.
October 2022
- Opinion
- Inflation
Why US easing on rates could change everything
A lower forecast for US rate increases would support the RBA’s recent decision to slow and be welcome news for our economy, mortgage holders and investors.
August 2022
- Opinion
- Monetary policy
Why this fundie thinks a soft landing might just be achievable
As central bank policies limit the negative consequences of quantitative tightening, any downturn in the US and Australia is more likely to be mild rather than deep.
June 2022
- Opinion
- Smart Investor
Inflation is just a convenient excuse for rate rises
Dogma and hope, rather than logic, are driving many central banks to dramatically raise interest rates.
April 2022
What to watch as central banks start raising rates
Although the equity market price-to-earnings ratio will be pulled lower as bond yields rise, it is not likely to be dramatic or create a market panic.
February 2022
- Opinion
- Interest rates
The reason central banks won’t ramp up rates
Record debt levels mean slow and methodical rises are likely, with a careful eye on vulnerable parts of the economy.
- Opinion
- Investment banking
In the ACCC v ANZ cartel case, ‘what did we prove?’
The regulator should have investigated the failure to inform the market – not the normal practice of underwriters selling off an overhang.
December 2021
- Opinion
- Interest rates
What RBA’s ‘real’ rate policy means for investors
Investors need to understand the real reasons for the RBA’s interest rate settings so they can forecast when rates will rise and set their portfolios appropriately.
November 2021
- Opinion
- Interest rates
Why you should hold your weighting to property and equities
Maintain a focus on quality, review your positions and tilt towards sectors that benefit from higher negative real rates.
October 2020
- Opinion
- Regulation
How to restructure a fast, fairer and more effective corporate watchdog
The revamp of ASIC should include streamlining core functions under a commercial-style board, and making market participants finance the cost of better regulation.