Danielle Ecuyer

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864 appearances 2 recordings 1 series first heard Oct 2021 last heard Nov 2022

Danielle Ecuyer’s voice in public audio — every appearance, attributed to the second.

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Australian Finance Podcast · How to invest in US companies with Danielle Ecuyer · 11 Oct 2021 podcast

the market gets dysfunctional and equities get dumped.

So it becomes a rolling sell-off.

So what happens is in those markets, it is quite scary, but ultimately the Fed came in, dropped interest rates aggressively, but also came in and bought junk debt and bought mortgage-backed securities.

For me, how I manage my money in that situation, I do get a bit nervous because I'm older and there is some capital protection.

So what I tend to do is that

I did take some money off the market in the beginning.

Once the market stabilised, once the Fed had stabilised it, I went back in and bought reasonably aggressively.

So I hope that kind of gives a synopsis of kind of where we are with crashes and the financialisation, as I like to call it, of markets at this point in time.

Yeah, absolutely.

So it means, I have a chart that I can show later on, but once upon a time, we were all ring-faced, okay?

And I'm going to give the example of,

mortgage lending here in Australia, okay?

So the banks, they lend to you and me, we have a mortgage, then we in turn pay off that mortgage, but that mortgage product is then repackaged

as mortgage backed securities okay and they're one of the biggest corporate bonds or yeah that can be bought here in Australia, so if you go in and you happen to buy not only equities, but you buy.

corporate bonds, which I have done in the past, you are given a lot of options to buy mortgage-backed securities from not only the banks, but also Liberty, PEPA, all those other providers.

Also, as an investor, you can buy Commonwealth shares, NAB shares, et cetera, okay?

So what I'm drawing is the triangle here of the exposure to the property market.

So if you get a property market crash or a company that is in trouble like Evergrande in China, it means that the tentacles of the wealth effect go out.

It's almost like it's not accelerated, it's multiplied.

And this is the problem.

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