RBA shocks markets with hold amid easing conditions and asset surge

From

The RBA clearly wrong-footed financial markets and economists yesterday by electing to keep interest rates unchanged. Only five of the 32 people surveyed by Bloomberg expected the RBA to remain

continue reading

Why Yarra is not calling a US recession yet

From

The key point is that while we had been expecting a drawdown in equity markets in Q3 and a decent rally in bonds, this was expedited by the US labour

continue reading

Yarra Capital management announces investment team hires and promotions

From

Yarra Capital Management (Yarra), one of Australia’s largest independent active fund managers, has announced two new hires and two promotions within its investment teams. Rhys Corry will join Yarra as

continue reading

The looming large excess of housing (and what to do about it)

From

In an apparent suspension of collective logic, it appears few people have asked what happens when you provide massive incentives to bring forward an unprecedented spike in house construction while

continue reading

Are we now at the top of the V-shaped recovery?

From

By now most investors are tiring of their inboxes being filled by sell-side economists and strategists talking about reflation, how much more optimistic they are relative to consensus, and for

continue reading