How to invest like the professionals
Most investors hold bank shares and deposits, which book-end a rich capital structure. Yet few have exposure to the assets that reside in between.
Christopher Joye is a contributing editor to The Australian Financial Review. He is a leading economist, fund manager and policy adviser who has previously worked for Goldman Sachs and the RBA, and was a director of the Menzies Research Centre. He is currently a director of Smarter Money Investments.
Most investors hold bank shares and deposits, which book-end a rich capital structure. Yet few have exposure to the assets that reside in between.
S&P;'s suggestion that Macquarie Bank warrants a credit rating upgrade while Suncorp, Bendigo, and BOQ don't makes no sense.
Let there be no doubt about Morrison and Malcolm Turnbull's true motive - to save the banks' coveted AA- ratings.
The ironic silver lining that comes with the government's new 0.06 per cent levy is that it means they can expect more, not less, public support in the future.
Australia needs a bond-market revolution because hundreds of billions of dollars is benchmarked against spurious indices that bear little resemblance to the asset-class.
The bank levy is entirely reasonable and significantly less than what the government could have justifiably asked our "too-big-to-fail" inst...
For markets two of the big deals in this budget are its impact on Australia's prized AAA credit rating—held by only 12 countries—and the new...
Let's bust the utterly misguided myth that passive investing is universally superior to active.
Sydney and Melbourne price growth will cool for the remainder of 2017 as interest rate hikes combined with credit growth restraints have hel...
The great Australian housing boom might be grinding to a stand-still as home values across Australia's five largest capital cities have appr...
Heard the one about it being hard to buy and sell bonds in secondary markets? Turns out it's a total myth.
Every dollar of extra equity capital banks source is a dollar of future funding they no longer need.
Three cheers for the brave bankers bold enough to increase home loan rates in a bid to tackle the beast that is the great Aussie housing bub...
Macroprudential controls have no effect on non-bank lenders, which may step into the competitive holes created by regulatory attempts to sti...
With US employment growth again surprising forecasters and the jobless rate declining to a boom-time 4.7 per cent, below "full-employment", ...
Wittingly or unwittingly, the financial system is geared towards forcing borrowers to rely on debt.
It is time the RBA cut its losses and accepts that the logic it used to rationalise its May and August rate reductions was wrong.
Australia's intelligence-sharing partnership with the US is facing a test as Donald Trump feuds with his spies.
Retail punters should be thanking CBA for playing a long-game with their reasonably priced Perls 9 hybrid.
Thank heavens some smart bankers are unilaterally lifting mortgage rates to cool housing market exuberance.
More
Enjoy unlimited access to Australia's best business news and market insights across desktop, tablet and mobile
Already a subscriber? Log in