Economic freeze sends US oil price sub-zero

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While reviewing the overnight market on the 21st of April 2020, no doubt we were not alone in taking a moment or two to comprehend the number we saw. West... Read more continue reading

Fed to go negative? Any idea can seem ‘crazy’ until it becomes fact

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The market is becoming focused on whether the Federal Reserve (Fed) will take rates negative. Admittedly, Powell has thrown a bit of cold water on it by saying that they... Read more continue reading

Podcast 5: Credit crunch or crisis?

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With an expected 10% contraction in GDP, rising unemployment, and inflation at the lowest level we’ve seen in decades, how has COVID-19 impacted credit markets and what’s next for interest... Read more continue reading

Podcast 4: The RBA’s buying spree

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The RBA has been buying up big, purchasing around $36bn in government and semi-government bonds throughout March. But when is enough, enough and can these efforts really help stave off... Read more continue reading

Podcast 3: The Rate Debate Special Edition

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In response to the coronavirus epidemic, the RBA cut the cash rate on 19 March to 0.25% and announced a number of QE measures. In the long run, will the... Read more continue reading

Podcast 2: Down, but not out

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On 3 March 2020, the RBA cut rates by 25 basis points to 0.50% in response to the coronavirus. But have they cut too early? And what happens if markets... Read more continue reading

Podcast 1: The Rate Debate

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What do you get when you throw a 32-year-fixed-income veteran into the room with a 32-year-old fixed income millennial? The Rate Debate. Amidst the outbreak of the coronavirus, ongoing bushfires... Read more continue reading

NSW: The first trillion-dollar economy in Australia

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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... Read more continue reading

Battling deflation

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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... Read more continue reading

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

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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... Read more continue reading