Rising interest rates, falling house prices and persistent inflation may have left many Australians feeling pessimistic about the Australian economy, but not AMP Deputy Chief Economist Diana Mousina.
Tuesday 3 November could prove to be one of the more consequential days in this year’s investment calendar. In the afternoon, the Reserve Bank hands down its latest cash rate decision. Across the Pacific, Americans vote in midterm elections that will decide control of Congress.
Rising interest rates, falling house prices and persistent inflation may have left many Australians feeling pessimistic about the Australian economy, but not AMP Deputy Chief Economist Diana Mousina.
Tuesday 3 November could prove to be one of the more consequential days in this year’s investment calendar. In the afternoon, the Reserve Bank hands down its latest cash rate decision. Across the Pacific, Americans vote in midterm elections that will decide control of Congress.
Australian investors have spent three years facing an expensive global equity market, and a local one too concentrated in banks and miners to share fully in the technology boom.
US Treasuries are dominating the headlines for all the wrong reasons. After the US Treasury announced that it will more than double the size of its long-bond buybacks, yields rose rather than fell. In other words, the world’s largest borrower told the market what it wanted, and the market said no.
Inflation remains one of the more important investment inputs investors need to get their heads around. It truly influences what you should own if you’re aiming to outperform.
Elon Musk predicts money will become irrelevant by 2036 as AI and robots produce more than humans can consume. Most analysts doubt it, but the investment implications hold whether he is right or wrong, particularly for Australian investors whose home market is light on the companies driving the shift.
Older Australians, like their counterparts in most developed markets, are travelling more often, staying longer and spending more when they arrive. It’s one of the more visible investment themes in the world today.