We ran out live stream event last night. During the session we discussed our revised scenarios, taking account of the complex local and international backdrop.
Using a baseline of July 2018, and looking ahead this is how it plays out. The risks from an international crisis have risen, the RBA itself is now projecting higher unemployment so lower wages growth, and the iron ore price is falling. Business and consumer confidence is being eroded, and the fall-out from the high-rise construction fiasco are only just starting to play out.
There is a path to property values rising, but we think this is relatively short lived.
My Friday afternoon chat with Journalist Tarric Brooker CONTENTS0:00 Start0:40 Introduction1:15 Fed And Bonds11:00 YCC11:40 Schrödinger’s Economy23:10 Employment Data and JobKeeper28:55 Migration?33:40 WA Election...
I had a visit from David Llewellyn-Smith from MacroBusiness and Damien Klassen from Nucleus Wealth and Walk The World Funds. We recorded a discussion...
Two opposing points of view currently exist, in tension to each other. Some argue the Central Bank Stimulus, QE and low rates will drive...