Tuesday, 03 November, 2020
Terry McCrann: Why Reserve Bank went zero-point-one With the most widely anticipated Reserve Bank decision in years, and a strong rise overnight on a Wall St, our market has risen strongly — but it is headed for both immediate and longer-term volatility, writes Terry McCrann. https://www.heraldsun.com.au/business/terry-mccrann/terry-mccrann-why-reserve-bank-went-zeropointone/news-story/d751d20af10d26ccb057bfa1a5c8ce93 We have finally joined the rest of the world in full-on 150-proof money-printing more formally known as quantitative easing or QE. It will have one clear major effect – […] Read More
Tuesday, 03 November, 2020
;widows: 2;-webkit-text-stroke-width: 0px;text-decoration-style: initial;text-decoration-color: initial;word-spacing:0px”>The RBA Governor has opened up the prospect of further QE having already decided on a policy which is more aggressive than expected. https://westpaciq.westpac.com.au/Article/45700/59622/ As expected the Reserve Bank Board decided to cut the cash rate target from 0.25% to 0.1%; cut the target yield on the 3 year bond from 0.25% to “around” 0.1%; cut the rate on new drawings under the Term Funding Facility from 0.25% to 0.1%; and […] Read More
Thursday, 29 October, 2020
In Brief: • Analysts unanimously expect no new major policy measures to be announced in October • Markets pricing minimal chance of a cut in Oct, slight chance in Dec but a full 10bp cut by end 2021 • ECB expected to maintain a dovish tone, reiterating it is prepared to act if needed • Many analysts believe the ECB will prepare the ground for new easing in Dec (new staff forecasts) • Continued low […] Read More
Friday, 30 October, 2020
AFR: Why RBA’s QE will have a big impact No images? Click here AFR: Why RBA’s QE will have a big impact In the AFR today I write that sometimes bankers should really shut their well-fed mouths and focus on serving the community (or try the free Twitter link here). After delivering ordinary financial results, ANZ’s chief executive Shayne Elliott has bandied around the nonsense that the Reserve Bank of Australia has exhausted its monetary policy ammunition and […] Read More
Wednesday, 28 October, 2020
From: Christopher Joye <info@coolabahcapital.com> Sent: 28 October 2020 02:29To: Ashley Joye <Ashley.Joye@archr.com>Subject: What to expect from RBA on Melbourne Cup day (from CCI’s Chief Macro Strategist)… What to expect from RBA on Melbourne Cup day (from CCI’s Chief Macro Strategist)… No images? Click here Cutting Edge Investment Research Coolabah is pleased to publish three new research reports that you can read at your leisure. Specifically: 1. What to expect from RBA on Melbourne […] Read More
Thursday, 15 October, 2020
Paul Brand: BREAKING: Care Minister Helen Whately tells London MPs that the capital will move into Tier 2 from midnight Friday ——————————————————————————-This message may contain confidential or privileged information. If you are notthe intended recipient, please advise us immediately and delete this message.The unauthorised use, disclosure, distribution and/or copying of this e-mail orany information it contains is prohibited.This information is not, and should not be construed as, a recommendation,solicitation or offer to buy or sell any securities or related financialproducts. This information does not constitute investment advice, does notconstitute a personal recommendation and has been prepared without regard tothe individual financial circumstances, needs or objectives of persons whoreceive it. Read More
Tuesday, 13 October, 2020
Ashley Joye (ARCHR LLP ) Subject: FW: Negative interest rates are the wrong tool for this crisis View in browser Update your preferences Tuesday October 13 2020 Subscriber Exclusive Economic Intelligence Unique insight into the world’s biggest economic issues from Ambrose Evans-Pritchard and Jeremy Warner, two of the most influential commentators in the UK. Wrong, wrong, wrong. Why both in principle and practice the Bank of England should […] Read More
Tuesday, 06 October, 2020
As predicted, the RBA has kept the official interest rate unchanged and is now very likely to deliver a ‘rate cut plus’ on Cup Day, writes Terry McCrann. The Reserve Bank left its official interest rate unchanged on Tuesday — as I told you it would two weeks ago, after Westpac’s chief economist Bill Evans had joined the NAB’s Alan Oster in predicting it would cut this month. Evans subsequently changed his prediction to the […] Read More
Friday, 02 October, 2020
AFR: Housing bears are becoming an extinct species No images? Click here AFR: Housing bears are becoming an extinct species In the AFR today I write that Aussie housing bears are quickly becoming an extinct species, as we had previously predicted. Read the full column here (or try this twitter link here). Full excerpt enclosed: In terrific news for the post-COVID-19 recovery, house prices have started climbing again across six of Australia’s eight capital cities and […] Read More
Wednesday, 23 September, 2020
Worth Having a look at {97<GO>} The attached chart shows the generic spread between NOV DEC TY BP VOL SPRD and NOV DEC BUND VOL SPRD over the last 5 years. Whilst both have widened over the last month TY has continues to outperform over the week with the spread at multi year highs. The risk events are all loaded in the December expiry (US election/ Fed) with no ECB in November the spread is […] Read More
