A new narrative for the Australian dollar (update)
Two months ago, Evidente published a report which suggested that contrary to the RBA's view that the currency remained over-valued, the Australian...
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Australia's Banks are Not Properly Understood
So often, we hear of the indebted consumer and the impending bad loan crisis in Australia. Or the story is about the mining sector and a slowing...
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Shoring up capital and exiting non-core businesses. We would bid at most at TERP.
NAB plans to offer 3 million Entitlements worth ~US$80m as part of its shortfall bookbuild, following its mega A$5.5bn rights issue. The deal...
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Rate cut today, but what of tomorrow?
More policy easing appears to be imminent. Interbank futures suggest there is a 70% probability of a 25 basis point rate cut at today's RBA...
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Beware of bubble talk, for now (Part II)
In last week’s post, I discussed a speech delivered by the RBA Governor in New York on April 21st (The world economy and Australia), in which he...
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