Reform the macroeconomic policy framework, don’t abandon it

This article from Chatham House makes it clear that the way global economies will work going forward will be very different to the past

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The present Australian economy and interest rates

At present, with inflation above 5% and the cash rate at 4.35%, a further increase in the cash rate is likely in the New Year.

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Organisms without brains can learn too – so what does it mean to be a thinking creature?

These organisms are not equipped with neurons or brains and challenge us “…to reflect on our often-assumed seat at the apex of the tree of life…

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Climate change threatens to cause the next economic mega-shock

A clear and insightful article by Creon Butler, the Director of Global Economy and Finance Programme at CHATHAM HOUSE, a renowned International Affairs Think Tank.

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A pause in markets

Concerns over US debt ceiling negotiations were the primary factor affecting global markets over the past weeks.

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How to react when markets drop

This article from Vangard gives you an overview of how to respond to market corrections.

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Why 2023 could be a good year for investors

This article from Roger Montgomery giving an overview of their take on the outlook for 2023

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Farewell Fiscal 2022, Hello Fiscal 2023

The Australian market has held up better than the US market due to lesser exposure to technology and our strong performance in the mining and resources sector. However, the Australian all Ords has fallen 13%, the S&P 500 21% and the Nasdaq 30%.

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WORLD ECONOMY and INFLATION

This article from David Bassanese, Chief Economist of Betashares, suggests that the Fed will be more aggressive in their approach as the US economy continues its growth trajectory.

Reprinted with permission of Betashares

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WORLD ECONOMY and INFLATION

As you know, I am keeping a wary eye on inflation. The issue that has emerged is the rapid increase in inflation across global markets led by the US which is now reporting an annual inflation rate of more that 6%.It is noteworthy that Jerome Powell, the Chairman of the US Fed removed the word ‘transitory’ from his latest inflation comments.

This is compounded by the global logistics and supply chain problems which have caused significant increases in global shipping costs with a flow on effect on the price of manufactured goods and raw materials across global markets. The result will be to put further pressure on inflation. In Australia, it has resulted in a chronic supply shortage of goods in the run up to Christmas for both retailers and consumers. I enclose a commentary by David Bassanese, Chief Economist of Betashares, which is well worth reading with a preview of 2022 markets.

Reprinted with permission of Betashares

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