Yep, it’s time. We know we’ve not delivered a decent Gold note for some time but, quite frankly, the price is doing all the talking. That’s not to say that “an entity” cannot dump $100b worth of naked short contracts, into the quietest time of the market, within a 2 minute trading period. Nope, this […]
Where can we mark the inflection point at which the worst start to the year (EVER) turned into the best recovery a quarter has seen in 6 years? Was it: a.) the mysterious calls made to Bank of Englands Mark Carney and the ECB’s Mario (super) Draghi by The US Fed’s Janet Yellen on Feb […]
And last night, there we have it. One rate hike and boom- done. We called it months ago. That’s how it goes when nothing else works. Sublime to absurd. It’s taken some time to get a feel for global financial market reaction to the inclusion of Japan and the deepening of Europe’s commitment to Negative Interest […]
No need to touch on the touchy failing financial system in which printing money is the answer to a common cold and Negative Interest Rates are no longer part of twilight zone economics. No, we’ll look at something a little closer to home and promise not to threaten Australian house prices will go down, ever, […]
Loved this headline above from Bloomberg to summarise the Asia trading session today. Does this mean we’re back to bad news is good and the more bad news we get the better for stocks because central banks will continue to goose stock and bond markets in order to prolong any day of reckoning? Well, for […]
Before we move on to the main event we thought we’d share the following from last week’s State of Nation address by US President Barack Obama. It’s not the focus of today’s note but it really does say so much. “Anyone claiming that America’s economy is in decline is peddling fiction.” —President Obama, 2016 State […]
Brutal. Can be the only way to describe what happened in Financial Markets over the last week. Worst start for stock markets, ever! One of the driving catalysts was a Chinese move to more aggressively devalue their currency in the face of rapidly deteriorating domestic economic conditions. Once they realised the damage they were doing they pulled back […]
Before we move onto that which most effects investments of a non-active manner in Australia, that is, overseas events, we thought it timely to make a brief comment on the state of play here Down-Under. We’d not want to be in the Prime Minister or Treasurer’s position at this juncture. This morning in the […]
There we have it, folks. Lift off! US Fed raises rates this week for the first time since June 29, 2006. After 12 months of preparation and jawboning. 0.25%. For posterity. What difference will it make and how far will they go before they have to fold? Under the current economic environment, we still find it […]
Last night and this morning we were able to see what happens when a central bank does “less than expected”. Last night, European Central Banking superstar, Mario Draghi dropped rates by only .1% to -.30% and promised he would only extend the €60b a month QE bond buying program to March 2017! The response from markets was […]
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