NEWS UPDATE
NEWS UPDATE
Key points Introduction National average property prices rose solidly again in November with this year’s rate cuts boosting demand along with the expanded 5% first home buyer deposit scheme. All capital cities saw prices rise. Australian dwelling price growth Source: Cotality However, the national pace…
Key points Introduction For as long as I have been an economist, housing affordability has been an issue. But while it was once mainly a cyclical concern associated with bouts of high interest rates, from the 2000s it’s become a chronic problem. With national home…
Key points Introduction November so far has seen a pretty wobbly ride for shares. From their October highs, US shares are down 3.2% and Australian shares are down 5%. More significantly perhaps concerns about a bubble in equity markets focussed around AI have escalated since…
Key points “The stock market is the story of cycles and of the human behaviour that is responsible for overreactions in both directions.” – Seth Klarman (hedge fund manager and investor). “History doesn’t repeat but it rhymes.” Often attributed to Mark Twain. Introduction Whether it…
US and European share markets fell sharply on Friday in response to the latest threatened re-escalation in the trade war between the US and China. The 2.7% fall in US shares after Trump threatened additional tariffs on China left it down 2.4% for the week…
Key points Introduction Lately, some commentators and investment experts have been expressing concern about a bubble in equity markets with some referring to excessive optimism about AI and drawing comparisons to the late 1990s tech boom. Some have been advocating holding a higher proportion of…
Key points Introduction From the early 1980s investment returns were spectacularly strong. Despite some bumps, like the 1987 crash, this was reflected in Australian balanced growth superannuation funds returning an average 14.1% pa in nominal terms and 9.4% pa after inflation between 1982 and 1999….
Key points Introduction Since the start of last year gold has made a succession of record highs. But what’s driving it? Is it a forewarning of more high inflation, or something more serious? Is gold something investors should have in their portfolios? Why the historical…
Key points Introduction The Australian economy was stronger than expected in the June quarter, with GDP up 0.6% and by 1.8% over the previous twelve months. But will it continue? And what does it mean for profits and the RBA? Source: ABS, AMP The good…
If there is “one thing” investors should know about investing, it’s the power of compound interest or returns. In the ever-rising obsession with short-term developments impacting investment markets around the economy, interest rates, profits, politics, etc, it’s often forgotten about. Key points Introduction If there…
Key points “Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it.” – Albert Einstein Introduction If there is “one thing” investors should know about investing, it’s the power of compound interest or returns. In…
Key points RBA cuts to 3.6% and continues to lean dovish 12 August was a great day for Swifties (with a new album on the way – “The Life of a Showgirl”), RBA watchers and those with a mortgage. After the surprise RBA decision to…
Key points “Productivity isn’t everything, but, in the long run, it is almost everything”. Paul Krugman, Economist “If you walk into any pet shop in Australia, what the resident galah will be talking about is microeconomic policy.” Paul Keating, Australian Treasurer, 1989 when exasperated about…
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