In today’s investment webinar Nucleus Wealth’s Head of Investments Damien Klassen, and Senior FInancial Advisor Mark Monteiro are joined by Matthew Johnson, the Principal of Signal Macro to discuss our thoughts on why Australian Banks are so profitable compared to International Banks.
You can find Matt’s writing at Signal Macro
Take us on your daily commute! Nucleus Investment Insights is available in Podcast form on iTunes and all major Android Podcast Platforms.
Timestamps:
- 00:00 Introduction and background on Matt
- 03:20 Bank funding & CLF
- 09:30 Why are Australian banks so profitable?
- 18:10 Are these changes a signal that govt will stop pushing house prices?
- New Zealand housing market 29:30 Will Aus follow suit and raise rates?
- 35:10 Wage growth
- 36:50 USD vs AUD
- 41:05 Worst case scenarios for the big 4?
- 45:15 TFF
- 46:20 Bond rates
- 48:00 The RBA following other global banks
- 52:45 Macro look at US economy
- 55:55 Europe and their ties to China
—————————————
Damien Klassen is Head of Investment at Nucleus Wealth.
