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MB Fund Podcast: Practical Finance: Pay Mortgage or Super? Setting Up Kid’s Accounts.

May 23, 2024 - 12:05 -- Admin

This week, we are jumping on to some practical finance questions for Australians. Should you pay off your mortgage faster, or should you contribute more to super? The answer (as always!) is: It depends. But we will give you the factors you need to consider in deciding for yourself. Then, one for the parents or

Are commodites an inflation hedge?

May 23, 2024 - 12:00 -- Admin

It’s like we’ve come full circle in two years to the last commodities bubble after Russia invaded Ukraine. Zoltan Pozsar became briefly famous by declaring Bretton Woods III was upon us before commodities crashed and he disappeared. A new crop of commodity interlopers is upon us: Aggregate bond indices are up in most countries on

Disintegrating Guardian rains FUD on Australians

May 23, 2024 - 11:30 -- Admin

Is it the practice of newspapers to be objective reporters or to act as amplifiers for one side of the debate? The Guardian thinks it is the latter: So, who said the performance was “shambolic”? This bloke: The treasurer, Jim Chalmers, labelled Taylor’s appearance “shambolic”. He told reporters in Tasmania the shadow treasurer had “completely

Aussie flash PMI slows

May 23, 2024 - 10:33 -- Admin

Still decent, though: Flash Australia Composite PMI Output Index: 52.6 (Apr: 53.0), 3-month low Flash Australia Services PMI Business Activity Index: 53.1 (Apr: 53.6), 3-month low Flash Australia Manufacturing PMI Output Index: 48.9 (Apr: 48.6), 8-month high Flash Australia Manufacturing PMI: 49.6 (Apr: 49.6), joint 9-month high Wazza Hogan reckons: “The Flash PMI report points

Immigration consensus “appalling” for Australian living standards

May 23, 2024 - 10:00 -- Admin

As he so often does, Crispin Hull from the Canberra Times has neatly dissected the deleterious impact of two decades of excessive immigration on Australian living standards. “In the past quarter century, the immigration consensus has had an appalling effect on Australian living standards”, Hull writes. “It took a while for the public to twig.

Australian dollar shredded by Fed hawks

May 23, 2024 - 09:30 -- Admin

DXY up: AUD shredded: North Asia down: All commodities reversed. Copper was pulverised: Mining mauled: EM stocks: Junk down: Big curve flattener: Stocks sqibbed it: The Fed is hawking up as markets once again overcook inflation expectations and stampede commodities in a reflexive and internecine meltup that has almost no relationship to the real economy.

Profligate baby boomer spending is driving inflation

May 23, 2024 - 09:00 -- Admin

Data from CommBank iQ shows that the cost-of-living crisis and high interest rates are having a disproportionate impact on Australians’ spending habits based on their generation. As illustrated below, Australians aged over 60 increased their spending by more than CPI inflation in the year to March 2024, whereas Australians aged under 60 increased their spending

Macro Morning

May 23, 2024 - 08:30 -- Admin

Wall Street couldn’t put in another record high overnight with poor earnings dragging back the broader indicies as European shares also failed to get any momentum on the continent. More Fedspeak is unsettling risk taking at the moment with the USD coming back much stronger against the major currencies with Euro at a two week