NSW: The first trillion-dollar economy in Australia

From

NSW Chief Economist Stephen Walters yesterday launched the landmark NSW 2040 Economic Blueprint: Investing in the State’s Future. The Blueprint presents a 20-year economic vision for the State, with strategies and recommendations to ensure a sustainable fiscal and economic future for the people of NSW. “The Economic Blueprint was prepared after extensive consultation with industry, […]

continue reading

CPD: Battling deflation

From

Policymakers are looking at the deflation endgame. In the last decade, we have been treated to a real-life demonstration of the possibilities of macro-economic policy that our parents’ generation would scarcely have believed. In this article, Man Group, one of GSFM’s investment partners, examines what’s left to policymakers to battle deflation. Growing up, we were […]

continue reading

CPD: The great unwind of the Federal Reserve’s balance sheet, and whether it actually matters

From

Gyrations in equity markets over the past three months have been significant. After a -4.2% decline in December and -11% fall for the final quarter of 2018, global equities have recovered strongly, up 9.5% so far this year. Much of this volatility can be attributed to geopolitical concerns and trade, but focus on the Federal […]

continue reading

Brexit and its contagion

From

Bill Priest, CEO and co-CIO at New York-based Epoch Investment Partners, manager of the Grant Samuel Epoch Global Equity Shareholder Yield Funds, provides an update with two subjects — Epoch’s capital markets outlook and their view of the implications of Brexit; the latter is inextricably tied to the former. We analyse the potential impact of […]

continue reading

King, Keynes and Knight: Insights into an uncertain economy

From

One small footnote to the Brexit controversy: It has invigorated my interest in Lord Mervyn King’s concept of radical uncertainty. As the former governor of the Bank of England laid out so eloquently at PIMCO’s investment forum in May and in his recent book The End of Alchemy, “radical uncertainty” refers to uncertainty so profound […]

continue reading

SQM Research releases it’s market view report on the Labor Party’s negative gearing policy

From

SQM Research, Australia’s most respected property investment research house, yesterday released a report into the likely housing market effects of The Labor Party’s proposal to change negative gearing. Key findings Yields to rise International comparisons, historical precedents and the effective grossed up yield benefit all indicate that acquisition rental yields are likely to rise between 90 […]

continue reading

World economy: real confirmation of a rebound in economic data

From

The latest ‘Economic Insights’ paper from Principal Global Investors’ Chief Global Economist, Bob Baur, and Senior Global Economist, Robin Anderson, concludes that the world economy is in the midst of a mild cyclical upturn. The authors predicted this upturn earlier this year, and say it follows on from the climax of the three negative trends […]

continue reading

87 percent of businesses think economy is slowing or standing still

From

Eighty-seven percent of Australia’s small and medium businesses now think the economy is either slowing (35%) or standing still (52%), while only 13 percent think it is growing, according to the latest Sensis Business Index (SBI) survey.[1] The net balance score of -22 is down five points this quarter and is the lowest score in 12 months. […]

continue reading

The Illiquidity Illusion

From

Financial markets have gone through seismic changes since the global financial crisis, including the passage and continued implementation of both Dodd-Frank and European Market Infrastructure Regulation. These new regulations, geared to increase financial stability and reduce systemic risk, have led to bank consolidation, lower leverage ratios and less use of derivatives and related financing. While regulators […]

continue reading

The good, the bad and the likely: What the Government will – and could – consider in the upcoming Federal Budget

From

The 2016 Federal Budget is only a few months away. While tax reform is likely to be on the menu for Budget night, there are also other areas that are likely to be included, such as changes to retirement income streams. IOOF has foreshadowed what topics are likely to be included in the Budget – and […]

continue reading