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Anthony McDonald

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604 total appearances
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Podcast Appearances

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

That's a pretty clear answer, isn't it, Anthony?

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

It is, mate.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

And SpaceX showed it.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

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.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

So yeah, there's this feeling that the ASX is going nowhere.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

I mean, people are showing that they feel that as well by where they're putting the cash now.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

I looked it up on Friday morning, James, on the Bloomberg terminal.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

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.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

So we're at 4.35% now.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

So 4.4% at the end of this year.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

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.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

And that's very similar to futures markets and what they're saying.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

I mean, 4.2%, that sort of says the other way, right?

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

About one in two economists are saying a rate cut by the end of next year.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

So if you take the middle ground, James, these aren't wild swings either way, right?

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

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.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

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.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

And I just thought that's sort of James Thompson's view of the world.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

As promised, we wanted to give you an update on this KPMG parliamentary inquiry in Canberra.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

Oh, it's pretty interesting.