Exciting new episode of Coolabah’s Complexity Premia Podcast out now!
Today I argue that in response to the 2008 crisis central banks and treasuries have thrown the baby out with the bathwater. Unable to tolerate the pain associated with capitalism’s most important attribute, “creative destruction” – or the cathartic process by which markets punish bad businesses and reward good ones – government agencies decided that …
This weekend I write that the ECB’s decision to start buying bonds again to reduce the long-term cost of capital (aka QE)—coupled with the Fed cutting in a few days—will only amplify pressure on the RBA to follow-suit (click on that link or AFR subs can click here). I also argue that it is high time APRA …
Today I explain why this housing boom is very different to its predecessors, and should not constrain the RBA from cutting rates further to hit its inflation and employment objectives (click on that link to read or AFR subs can click here). Excerpt enclosed: House prices are already higher than they have ever been in outright terms – and …
Today I explain why this housing boom is very different to its predecessors, and should not constrain the RBA from cutting rates further to hit its inflation and employment objectives (click on that link to read or AFR subs can click here). Excerpt enclosed: House prices are already higher than they have ever been in outright terms – and …
I’ve written a lot about the coming of Aussie QE since we first forecast it in May this year (the notion was dismissed by many at the time), and there is mounting evidence that the RBA is slowly starting to burnish its narrative on this front, as we have suggested they should do. The RBA’s August board …
Today I argue that since we blindsided participants by first putting the likelihood of the Reserve Bank of Australia launching quantitative easing (QE) back in May, there has been no end of gas-bagging initially dismissing the possibility, then reluctantly acknowledging it and now thinking about how to trade it. In its August board minutes, the RBA …
At the end of May we prepared this essay on the changing probabilities in Trump’s trade war, which explained that the end-game for many in Washington was, in fact, no deal. The goal was, on the contrary, the imposition of widespread tariffs on all Chinese exports in order to shift US supply chains out of …
This is an article portfolio manager Christopher Joye published on Livewire recently. The back-story… I try to put my money where my mouth is. A couple of months prior to the Federal Election, we shifted more than $100m into franked ASX hybrids for several reasons, including: The risk of cash refunds on franking credits being …
Enclosed is an executive summary from a new paper that we have published on the changing probabilities in the trade war: Coolabah Capital Investments previously assessed that a myopic and mercenary President Trump would want to strike an expedient trade deal with China well in advance of the 2020 election to maximise his economic momentum …
Rated as one of the most watched shows on the Your Money TV channel ever, in this Peter Switzer episode CCI portfolio manager Christopher Joye debated some crazy economist whom he had never met, read or heard of before.
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