Macro investing: Recession risk? Pt 2

Key Points Australia faces a greater than 50% probability of recession Don’t chase yield but look to stocks with large overseas earnings Not predicting a recession, but it is time to prepare for the possibility In part 1 we examined how Australia arrived at its current predicament and what the various policy options were. Whatever the RBA and the government of the time choose, we’re all in a race against time. As explained in The coming iron ore glut, our terms of trade will probably continue to decline. That will keep downward pressure on national income for the next...

In part 1 we examined how Australia arrived at its current predicament and what the various policy options were. Whatever the RBA and the government of the time choose, we’re all in a race against time.

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