The biggest narrative in world markets surrounds the US. On one hand, the US economy has been growing strongly, is resilient and has seen significant productivity growth.
Where to now for investors? A big backdown on tariffs earlier this month saw markets roaring back to be higher than before the tariff announcement. Probably just as importantly, the new fiscal package is far more stimulatory than advertised. It is working its way through the political system.
The Q4 national accounts release from the Australian Bureau of Statistics (ABS) revealed that households had suffered the largest decline in real per capita household disposable incomes on record, down around 8% from the mid-2022 peak.
Australia is a kind of mind-moulding autocracy in which the words “immigration” and “racist” are interchangeable.
In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, and Chief Economist, Leith van Onselen, discussed the Reserve Bank of Australia’s interest rate cut and explore its impact on residential housing and the broader economy.
Alex Joiner from IFM Investors has published the following chart showing the sharp reversal of interest rate pricing in the futures market.
In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, and special guest economist Cameron Murray unpacked the downsides of superannuation as a pension supplement—and explore the broader social issues it creates.
Over the past decade, the Australian economy has recorded some of the poorest productivity growth in the world and the nation’s poorest productivity growth on record.
Australia is experiencing a housing crisis because its home prices are among the highest in the world compared to incomes, we have some of the most indebted households in the world, and tenants are paying a record share of their income on rent.
