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Six charts that explain Australia’s recession

Australia’s recession is the deepest since the Great Depression of the early 1930s. Nothing else comes close. The economy shrank an extraordinary 7% in the three months to June – by far the biggest collapse since the Bureau of Statistics began compiling records in 1959. The previous worst quarterly outcome was minus 2%, in June 1974. Quarterly…

Insider Buying Betting on Gold Miners

Stock markets in most developed countries continue their mad rush upward, with two of the most watched US indices – the S&P 500 and the NASDAQ – reaching all-time highs this week. While the ASX 200 has lagged behind in year over year market gains, the pattern evidenced is virtually identical, with the S&P 200,…

How we lost control of Australian house prices

Real home prices across Australia have climbed 150% since 2000, while real wages have climbed by less than a third. Sydney and Melbourne rank among the most expensive cities in the world. Australia-wide, home ownership levels have fallen from 70% to 65% in the last 20 years and home equity levels have fallen from 80%…

The RBA has done as much as it can, now it’s up to the government

Last week Reserve Bank of Australia Governor Philip Lowe, and his top lieutenants, appeared before the House of Representatives Standing Committee on Economics. This time-honoured tradition goes roughly as follows. The governor makes an opening statement that contains nothing not said before in public. Committee members then take turns trying to trick the governor into…

Why Australian corporate chiefs are paid so well

The annual chief executive pay report produced by the Australian Council of Superannuation Investors is a must-read for shareholders and members of superannuation funds. The latest report, relating to the financial year that ended in 2019, reveals a new record for the money actually paid in one year, so-called realised remuneration, of AU$37.7 million. The…

Investor Signposts: Week Beginning 3 August, 2020

Australia: Reserve Bank dominates proceedings A bevy of economic and financial events ushers in the month of August with the Reserve Bank firmly in the spotlight. The week starts on Monday, with CoreLogic to release July data on home prices in its Home Value report. Home prices likely fell by 0.8 per cent in July…

More ASX Companies Entering the COVID 19 Fight

On 19 July, the daily review on global market moves from the Australian Associated Press (AAP) appearing on thebull.com had this to say about the US Standard & Poor 500 market index: Unprecedented stimulus measures and improving economic data have helped the S&P 500 rise to within about 5.0 per cent of its February record…

Investing in the things you believe in

Sustainable investing is becoming more sought-after amongst investors look to ensure their investments are helping to shape better environment and social outcomes. We’ve compiled an overview of the main sustainable investment strategies to help assist those seeking to understand which approach may best suit their goals. An increasing number of investors are now looking to…

China: The world’s consumer of last resort

China, rather than the US, could soon be the world’s ‘consumer of last resort’. To earn that status, China must avoid a ‘trap’ among other challenges. La Samaritaine department store in Paris that was founded in 1870 is of such majestic art deco and art nouveau styling it was declared a national monument in 1990….

Investor Signposts: Week Beginning 6 July 2020

Australia: Reserve Bank Board meeting in focus The Reserve Bank Board meeting is the stand-out event in what shapes to be a relatively quiet week for economic and financial news. The week kicks off on Monday with June readings on the inflation gauge from Melbourne Institute and job advertisements from ANZ. On Tuesday the AiGroup’s…