Yesterday
Prepare for synchronised global hikes
Between the Iran war supply shock and the upward revision of “neutral” rates, we are staring at a cash rate of at least 5 per cent.
This Month
Like it or not, we’re living in Trump’s world
While the war in Iran is largely going according to plan, there are some nasty second-order consequences lurking around the corner.
The next inflation crisis has arrived
Between out-of-control public spending and the Middle Eastern oil shock, the era of “patient” interest rates is officially dead.
Avoid cockroaches like the plague in the higher-for-longer world
If rates continue to climb, we will see more household and corporate stress, for which few are properly prepared.
February
RBA’s inaction may ultimately force it to repeatedly lift rates
Michele Bullock does not know if rates should go up. The central bank governor says she has time on her side, but that is dead wrong. We’re already in crisis.
The ‘re-dollarisation’ trade is crushing gold and bitcoin
The cryptocurrency, which has long purported to be an inflation hedge and superior store of wealth, has no intrinsic value and could prove to be worthless.
January
RBA’s independence called into question
The central bank’s reckless pre-election rate cuts have backfired. Its next move will show us whether it is truly independent.
The RBA is primed for an embarrassing backflip
The Reserve Bank of Australia is heading towards being the first central bank in the world to raise rates following a post-pandemic easing cycle.
Trump is a real-life Mad Max in a zero-sum war
The US president’s horde is roaming the global wastelands in a winner-take-all war in which the only law is lead.
The RBA needs to call out political spending to avoid hikes
Although the central bank pushed politicians to spend during the pandemic, it has been gun-shy when it comes to calling for them to tighten their purse strings.
December 2025
Australia has traded its soul for the politics of envy
The Bondi tragedy is more than just a religious conflict – it is an evil wrought by envy with the exceptions and the urge to handicap success.
The lucky country is quickly becoming the lazy land, and we will pay
We will get own version of Donald Trump one day, whether we like it or not. And for good or ill, the pendulum will swing back savagely in the other direction.
Politicians must cut spending to avoid interest rate increases
The challenge for the monetary policy mandarins is that politicians are pumping the economy full of more and more unproductive cash, driving inflation higher.
November 2025
The AI arms race may be hiding an inflationary shock
Although many assume that the artificial intelligence capex boom will herald deflation, it could precipitate higher price rises in the medium term.
Is bitcoin the biggest honeytrap in history?
Depending on your timing, the cryptocurrency – which has all the hallmarks of a Ponzi scheme – could easily be the best or worst investment you have ever made.
Permanently higher rates will push asset prices to a reckoning
Lower-for-longer is dead and buried – higher-for-longer is here to stay, and you need to build portfolios that can thrive in this environment.
Laugh at your own peril: Being underestimated is Trump’s superpower
Although he often acts in cartoonish way, history will likely judge US President Donald Trump as the most important Western leader since the end of World War II.
October 2025
Markets forced to face the risk of higher rates
Investors should start thinking about how they will fare if central banks have to start tightening the screws again.
Punters pile on risk as APRA hybrids wind-down sparks search for yield
APRA’s questionable decision to phase out the Australian bank hybrid market is forcing consumers to take on more liquidity and credit risk in the search for yield.
RBA rate cuts firmly in play after game-changing jobs data
The Reserve Bank may look through a third-quarter bump in inflation if the loosening of the labour market presages a sustained weakening of wage pressures.
