Anthony McDonald
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Appearances Over Time
Podcast Appearances
That's a pretty clear answer, isn't it, Anthony?
It is, mate.
And SpaceX showed it.
Like we said, 28,000 people, CompSec customers apply for SpaceX shares, four times more than any other float they've ever done, any other Australian float.
So yeah, there's this feeling that the ASX is going nowhere.
I mean, people are showing that they feel that as well by where they're putting the cash now.
I looked it up on Friday morning, James, on the Bloomberg terminal.
So from what the economists are saying, cash rate at 4.44% end of this year and 4.2% at the end of next year.
So we're at 4.35% now.
So 4.4% at the end of this year.
That's saying sort of one in two or one in three economists are tipping one more rate rise this year, like your mates at UBS.
And that's very similar to futures markets and what they're saying.
I mean, 4.2%, that sort of says the other way, right?
About one in two economists are saying a rate cut by the end of next year.
So if you take the middle ground, James, these aren't wild swings either way, right?
Economists are saying if you're like me and you're paying 6.09% on your mortgage today, expect to be paying about the same for the next 18 months or so, which is what you've been telling us for a while.
I mean, like you said, UBS's George Theranos, he came out this week and said one more hike and then sit around for 18 months.
And I just thought that's sort of James Thompson's view of the world.
As promised, we wanted to give you an update on this KPMG parliamentary inquiry in Canberra.
Oh, it's pretty interesting.