South32 – good quality assets but growth questions remain

South32 has just been spun out of BHP Billiton and listed. Its portfolio of assets across five countries will produce alumina aluminium coal manganese nickel si...

Apparently not so safe as houses

Headlines have been dominated by what appears to be a rout in global bond markets. As at the time of writing 10 year German government bond yields have risen ov...

Why oil stocks may be worth a look (and other conundrums)

April was another negative month for the share market. The ASX200 fell by 1.7 in April having again tried valiantly but failed to break through 6000. With two d...

The unwinding US$ carry trade – “nickels and steamrollers”...

As we stand today the Federal Reserve s QE programme has come to an end and there is an expectation that they will begin to raise interest rates before the end ...

The link between corruption and liquidity

At any given time there exists an inventory of undiscovered embezzlement in or more precisely not in the country s business and banks. This inventory it should ...

Hong Kong – so hot right now

The recent surge in Hong Kong s equity market underlines a point we have been making recently that it is often misleading to speak of emerging markets as a sing...

Why the RBA needs to move on from its house price fixation

The thing about currency wars is that there is no choice but to engage. Either you win or you lose and unfortunately the Reserve Bank of Australia RBA is losing...

The Fed pauses for breath

US disinflation no wage inflation faltering Q1 growth and a stronger US Dollar caused the FOMC to take pause in March and clearly adjust its expectation of futu...

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