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Christopher Joye

Columnist

Christopher Joye is a contributing editor who has previously worked at Goldman Sachs and the RBA. He is a portfolio manager with Coolabah Capital, which invests in fixed-income securities including those discussed in his column. Connect with Christopher on Twitter.

September

More pain to come for global investors, Aussie property prices

While the Bank of England has restored order to the UK government bond market, investors remain very jittery about the prospects for asset prices. The great Aussie house price correction also persists with gusto.

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Equities slow to get the Fed’s message

The sharemarket appears to be struggling to synthesise key signals from data releases and messages from the US central bank.

Rate rises are crushing house prices and β€˜zombie’ firms

There has only been one economic driver of this correction: the Reserve Bank’s near-record increase in the cost of borrowing.

  • Updated

Get ready for the first rates-led collapses since 1991

An incredible 34 per cent of all ASX companies would be classified as β€œzombies” based on their inability to produce sufficient profits to cover interest repayments.

August

Three key risks that could change everything

A shift in the potential for conflict and fall out from rapidly increasing interest rates could leave many exposed.

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Hordes of zombie companies are about to die

Prepare for the first interest rate-led business default cycle since the 1991 recession.

China and Taiwan war risk β€˜very high’

The best available analysis implies Beijing will attempt unification with Taiwan sooner rather than later.

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Higher interest rates are creating opportunities in bonds

While higher interest rates are crushing the housing market, they are creating attractive high-yield investment prospects.

July

US contraction marks turning point for asset prices

After everything looked heinously expensive last year, some markets are looking cheap.

RBA is blindly lifting rates β€˜like an inflation nutter’

Martin Place is tying itself up in intellectual knots trying to rationalise a rate rising cycle based on rubbery forecasts.

Sydney house prices on track for 20pc fall

The Reserve Bank of Australia’s likely 0.5 percentage point interest rate rise in August will completely knock out the Aussie housing market.

How the RBA duped Aussie households

Martin Place risks destroying economic prosperity with some of the most aggressive rate increases in the world that are based on forecasts not worth the paper they are written on.

The Aussie housing crash is accelerating

Australian house prices have declined for the second month in a row in June – and the pace of losses is accelerating sharply and spreading to Brisbane and Perth.

  • Updated

June

NSW is degenerating into one of the worst run states in Australia

NSW promised to spend $15 billion on infrastructure and debt repayments that it is instead gambling on global financial markets.

Aussie house prices could fall more than 30pc

New research shows that house prices could fall more than 30 per cent if the Reserve Bank of Australia meets the market’s interest rate expectations.

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Hunting the house price bulls

In 2020 we tracked down and eviscerated the hordes of housing β€œbears”. This year, we’ve turned our cross hairs onto the rare species of the housing β€œbull”.

The great house price correction has begun

A 15-25 per cent correction has commenced after house prices declined in May for the first time since the short-lived, pandemic-induced falls that ended in September 2020.

May

The next market rally depends on this

If the Fed does not need to take its cash rate into restrictive territory care of more benign inflation pressures, risk assets could rally.

Could bitcoin fall below $US10,000?

The last time the US Federal Reserve raised its cash rate from zero to 2.5 per cent in 2018, the cryptocurrency tumbled 83 per cent.

The great crypto Ponzi scheme finally crashes

Bitcoin has lost $US800 billion since its peak last year, with the risk that more losses are to come. It is a world that relies on the greater fool theory: that there is always a lesser mortal out there willing to buy some worthless crypto off you at a higher price.

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