RBA's Housing Humiliation

Christopher Joye

Coolabah Capital

In The AFR I don't pull my punches in holding our esteemed central bank to account for its consistently poor analysis of the housing boom its easy money policies created and for broadcasting misleading characterisations of conditions to rationalise the May and August rate cuts ex post facto. If I don't take them to task, nobody else appears brave enough to do so! After noting that interest rate "duration" continues to get smoked in October, I segue by way of an ASIO story into cyber-security and highlight a new ETF that for the first time offers retail investors diversified exposure to what is a complex sector (some readers may not recall that I have spent years analysing cyber risks): "On September 22 new governor Phil Lowe doubled-down on these rubbery assertions, assuring politicians that "the two interest rate cuts we have had this year do not seem to have stimulated a new round of house price increases". He could not have been more wrong" Free (VIEW LINK)


Christopher Joye
Portfolio Manager & Chief Investment Officer
Coolabah Capital

Chris co-founded Coolabah in 2011, which today runs over $8 billion with a team of 40 executives focussed on generating credit alpha from mispricings across fixed-income markets. In 2019, Chris was selected as one of FE fundinfo’s Top 10 “Alpha...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment