A few months ago Reserve Bank Governor Phillip Lowe provided four common sense points we should all keep in mind regarding borrowing to finance a home. (The Governor’s speech can be found here). I thought they made sense and so summarised them in a tweet to which someone replied that […]
AMP chief economist now expects Sydney and Melbourne house prices to fall by 20% from peak to trough, through to 2020. It marks an increase from the 15% decline AMP forecast at the start of August. The previous prediction was based on annual price falls of 5%, but Oliver said […]
Approaching the mid-point of 2018, AMP Capital Diana Mousina has summarised the key risk themes facing global and domestic markets. She said investors have been too complacent about the buildup of US corporate debt. Negative developments in any of the themes highlighted could be a warning sign of deterioration in […]
It will take some time for driverless cars to dominate the roads but in the meantime there are ways for investors to get the benefit of this gradual technological change, according to research by AMP Capital’s Global Listed Infrastructure team. While driverless cars are expected to eventually help solve traffic […]
AMP chief economist says the 30-year bull market in bonds is likely to be over, but the probability of a sharp spike in bond yields is still low. Benchmark US 10-year bond yields — which rise when bonds are sold — are holding at multi-year highs this morning above 2.7%, […]
Recent reports of Australia’s demise have been exaggerated, according to AMP chief economist Shane Oliver. In a research note on the risks of an economic downturn, Oliver said the Australian economy was more resilient and diversified than it often got credit for. Oliver’s research was prepared in response to a […]
History suggests market shocks from geo-political events typically don’t last, according to AMP chief economist Shane Oliver. Escalating tensions between the US and North Korea last week caused volatility in global markets, although the threat of conflict appears to have eased for now. “The risk of war has grown but […]
The annual profit reporting season of ASX-listed companies starts this week with earnings boosted by gains from resources companies benefiting from a surge in commodity prices. The first companies to report in August for the 2017 financial year include gaming business Crown Resorts, insurance and banking corporation Suncorp and mining […]
Retailers have turned their attention to future shoppers, those Gen Z aged between 18 and 22, who will in the future have a large influence on the way goods are sold in Australia. And it turns out they like to shop in stores (87%) as well as online (79%), according […]
The basics of successful investing are timeless and some investors (often the best) have a knack of encapsulating these into a sentence or two that brings them to life in a way that’s easy to understand. Over the last few years I have written two insights on investment quotes I […]
AMP Capital, Australia’s second largest fund manager, has embraced ethical investing by ditching $570 million in investments in tobacco and weapons. Tobacco manufacturers are now excluded from the AMP Capital portfolio because their products are highly addictive. Cluster munitions, landmines, biological and chemical weapons manufacturers are out because their products […]
Falling business investment, as infrastructure spending from mining investment boom continues to decline, is one cause of Australia’s weakening economy. The annual GDP growth is now just 1.8%, the lowest since March 2009, after a 0.5% fall in the September quarter. “This is the 12th consecutive quarter that new business […]
AMP Capital has bought a prison. The Australian private wealth giant has bought the Eastern Goldfields regional prison redevelopment project near Kalgoorlie in Western Australia from Lend Lease and MLC. The 350-bed prison is a public-private partnership with the state government. The deal includes the provision of facilities management services […]
Delotte Access Economics says the current jump in iron ore prices won’t be much help to the federal government in getting the budget back to surplus. “Australia’s headwinds howl loudest for the Federal Budget,” says partner Chris Richardson in Delotte Access Economics’ quarterly business outlook. He says weak national income […]
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