The Black Friday Pull-Through

We look at the latest retail data from the ABS – December was woeful, and there is no evidence of the so called retail bounce. Australian retail turnover fell 0.5 per cent in December 2019, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures. https://www.abs.gov.au/AUSSTATS/abs@.nsf/DetailsPage/8501.0Dec%202019?OpenDocument

How To Invest During The Coronavirus Pandemic | Nucleus Investment Insights

Governments have turned a corner on the Coronavirus, now prioritising preventative measures to combat its spread rather than minimising economic and market impact. In today’s webinar, hear from Nucleus Wealth’s Head of Investment Damien Klassen, Chief Strategist David Llewellyn Smith and Head of Operations Tim Fuller, as they cover “How to invest during Coronavirus pandemic” … Continue reading “How To Invest During The Coronavirus Pandemic | Nucleus Investment Insights”

Retail Turnover Falls 0.5 Per Cent In December

Australian retail turnover fell 0.5 per cent in December 2019, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures. This follows a rise of 1.0 per cent in November 2019. “The December fall comes after a strong November, led by Black Friday sales” said Ben James, Director of Quarterly Economy … Continue reading “Retail Turnover Falls 0.5 Per Cent In December”

At 11:55pm, AFR Confirms Cash-Negative Interest Rate Conspiracy

Economist John Adams and Analyst Martin North looks at the latest AFR salvo, as the establishment fight back to try to keep the cash bill in play. https://www.afr.com/policy/economy/why-fiscal-policy-fine-tuning-ignores-political-reality-20200204-p53xj4

What If Negative Interest Rates Are Coming And Will Be Permanent?

The normal line of argument has been that its central banks pumping liquidity into the financial markets which have led to falling real interest rates, and that they might indeed take them into negative territory. This is all to do with “secular stagnation” (reflecting poor productivity, globalisation, weak wages growth, and monetary policy intervention by … Continue reading “What If Negative Interest Rates Are Coming And Will Be Permanent?”

New Legislation For Brokers Released

The government has released the draft legislation implementing 22 recommendations and two additional commitments which arose from the Hayne Royal Commission, including recommendations 1.6 and 2.7 which  establish a compulsory scheme for checking references for prospective financial advisors and mortgage brokers. Via Australian Broker. Before the royal commission began, under ASIC’s Regulatory Guide 104, both Australian financial … Continue reading “New Legislation For Brokers Released”

The RBA Lands Sunny-Side Up

We look at the latest from the RBA in the light of current international issues. https://www.rba.gov.au/media-releases/2020/mr-20-01.html https://www.cnbc.com/2020/02/03/why-central-banks-may-not-be-able-to-save-china-from-the-coronavirus.html https://www.bloomberg.com/news/articles/2020-02-03/death-toll-tops-400-u-s-braces-for-pandemic-virus-update https://www.scmp.com/economy/china-economy/article/3048618/china-inject-us174-billion-liquidity-markets-amid-new