Sean Aylmer
👤 SpeakerAppearances Over Time
Podcast Appearances
I know the report talks about younger Australians being much more willing to switch funds if they discover investments that they disagree with.
Do you think that in the end the members will force the super funds to behave better when it comes to disclosure?
Barry, thanks for talking to Fear and Greed.
That was Barry Coates, CEO of Mindful Investing.
I'm Sean Aylmer, and this is Fear and Greed Q&A.
Yes, I mean, they've got space for you, luxury brands for you, Bitcoin for you, electric vehicles for me, interest rates for all of us, something for everyone.
In contrast, Michael, business investment surged at its fastest pace since the mining boom back in 2012 on the back of the build-out of data centres.
Westpac estimates that all the growth in the economy, all the growth, came from investment in data centres.
Outside that, investment and economic activity was pretty weak.
Productivity fell during the quarter.
Bad news there.
Now, Federal Treasurer Jim Chalmers noted that growth was driven by the private sector, not the public sector, highlighting what happened in business investment.
Well, in a sense, it's a statistical measure, and productivity says output per unit of input.
And strictly speaking, it was the rate of growth of productivity fell.
Okay.
So I think it was down to point – I don't have it in front of me, but it's down to 0.6% or something or other.
So we're still becoming more productive.
Right.
But –
Really, given that we've had a lot of immigration, new people in the economy, stuff like that, our output per unit of input, the growth in that is very, very, very weak.