Australian rates2015 – a list of lists regarding the macro investment outlookThe plunging oil price – why and what it meansReview of 2014, outlook for 2015

The RBA was right to cut interest rates again. Growth is too low and inflation is benign. Expect the cash rate to fall to 2% in the months ahead. 20150204-oi-australian-rates

2014 saw good returns for diversified investors as the global economy continued to grow and monetary conditions remained easy, but a combination of uneven global growth, worries about deflation, plunging commodity prices, soft growth in Australia and geopolitical concerns meant returns were uneven across asset classes. 20150115-oi-macro-investment-outlook

Oil prices have fallen more than 50% over the last year driven largely by a surge in supply relative to demand. Further weakness to around $US40/barrel is likely to be necessary to bring forth supply restraint. 20150108-oi-the-plunging-oil-price

2014 has been a positive but somewhat constrained and messy year for investors as the global economy remained in a cyclical “sweet spot” despite various threats, but Australian shares underperformed. 20141205-oi-outlook-for-2015