The structural challenges facing Australia

Published: June 5, 2014

During the past few years Australia has had a tough time in achieving economic reform. The first attempt in a decade at serious tax reform got bogged down with debate around the poorly designed Resource Super Profit Tax in 2010 leading to the less than optimal mining tax, the attempt to put a price on […]

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India getting back on track

Published: May 21, 2014

The overwhelming victory by the reform oriented BJP led alliance in India’s recent election, has boosted hopes that the Indian economy will get India’s growth story back on track. In the clearest election outcome since 1984, the BJP led alliance won 336 of 543 parliamentary seats giving it a clear majority, with the BJP alone […]

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What does the Federal Budget mean for the economy and your investments?

Published: May 14, 2014

With the Government winning the election with a mandate to fix the budget, a bout of fiscal austerity was inevitable. Against this backdrop and the fears of the last few weeks, the Budget is not as tough as feared. Many of the budget savings will only build over time. Download pdf  Watch video commentary Key […]

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The US economy, the Fed and interest rates

Published: May 7, 2014

A constant for investors over the last five years has been very easy global monetary conditions, with near zero interest rates and quantitative easing programs in the US, Europe and Japan. This has helped the global economic and share market recoveries since the GFC. But with the US economy on the mend the time will […]

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21 great investment quotes

Published: April 30, 2014

Investing can be scary and confusing at times. But the basic principles of successful investing are timeless and quotes from some experts help illuminate these. This note looks at those I find most insightful.    Download pdf            Aim “How many millionaires do you know who have become wealthy by investing in savings accounts?” Robert […]

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Crash calls for share markets

Published: April 17, 2014

The past few weeks has seen several predictions of a share market crash by some perennial high profile bears. The broad claim is that share markets – namely US shares – have disconnected from fundamentals and that the Fed is to blame for a poor recovery and/or doesn’t know what it is doing. And of […]

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Australian housing to the rescue – but is it too hot?

Published: April 3, 2014

Two years ago some (mainly foreign) commentators were convinced Australian housing was in a bubble that was in the process of collapsing as the China driven mining boom faded. Instead, lower interest rates have led to the usual response of rising house prices & approvals for new homes. But has it gone too far, taking […]

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The Ukraine crisis

Published: March 17, 2014

It seems there is always something for investors to worry about and right now the crisis involving Ukraine is it. Following its latest “revolution” tensions in Ukraine threatening a war on the European Union’s doorstep, which could disrupt Eurozone gas supplies and possibly drag in the US and Europe against Russia, investors have been rattled […]

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The US reinvents itself, yet again!

Published: February 26, 2014

The problems with the US economy are well known. Its level of public debt is too high, its spending on social security and health is unsustainable, its health system is woefully inefficient – spending more relative to GDP than most OECD countries but with worse life expectancy – its level of savings is too low, […]

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Chinese debt worries and growth

Published: February 20, 2014

China bears have always been around. At their core seems a disbelief a so called “communist” country could grow so fast. But with China now being the world’s second biggest economy and the largest contributor to global growth their concerns get a lot of airplay. Last year it seemed “ghost cities” were the big worry. […]

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