The attached note provides a Q&A on the main issues around the housing downturn in Australia. The key points are as follows: Australian home prices are likely to fall another 5-10% this year driven by a further 15% or so fall in Sydney & Melbourne. We have revised our expected top to bottom fall for…
The attached note looks at the outlook for the Australian economy in the face of the housing downturn and fears this will cause a sharp downturn in growth, and what it means for investors. The key points are as follows: Australian growth has slowed again. The housing cycle downturn and its impact on the economy…
The attached note provides a review of 2018 and what it meant for investors and takes a look at the outlook for 2019. The key points are as follows: 2018 saw reasonable global economic and profit growth and still low interest rates but it has been a rough year for investors with worries about the…
The attached note looks at the pullback in share markets seen over the last week or so. The key points are as follows: The current pullback in shares has been triggered by a range of things – but most notably worries about rising US interest rates and the US/China conflict. Shares may still have more…
The attached note looks at nine keys to successful investing: Investing during times of uncertainty can be nerve wracking, but even in good times it can be problematic. For this reason, it’s useful for investors to keep a key set of things – call them rules – in mind. The key rules I think are…
The attached note looks at the outlook for the US economy, particularly the risk of recession given the flattening US yield curve. The key points are as follows: If you are worried about a major bear market, the US economy is the key to watch. While traditional measures of the US yield curve have flattened…
