The Budget surplus in the 2018-19 year is mainly due to fortuitous tax revenue gains from the mining boom. In the past five years, government spending has risen by an incredible 21%.
Tag Archives | commodities
In the last seven years, commodity prices and the fortunes of many Australian producers went through a boom/bust cycle and are now on a recovery rebound. It’s a volatile ride but a sector worth another look.
Is it better to position a portfolio with an over-reliance on economic growth expectations, or find companies winning market share, cutting costs, restructuring and acquiring independently of GDP hopes?
The commodities market is impossible to predict in terms of cyclical highs and lows, and nobody ‘rings the bell’ at either point. One strategy is to scale in or out gradually on early detection of a new trend.
The best end-of-year wrap of asset class performance in 2015. Aussie equities was a loser but who were the winners, and what’s the outlook for each asset class in 2016?
It’s not low or high commodities prices, or even rising or falling prices, that matter for the share market. A pattern relating to changes in the rate of change can be observed as far back as the 1950s as a useful forecasting tool.
Australia’s reliance on raw material exports combined with imports of manufactured goods is ensuring that the Australian dollar remains closely pegged to commodities prices.
Howard Marks tells a New York conference that there’s no way to predict commodity prices, as we cannot know what will happen in the future.