Australian interest rates

Hartnett: Buy bonds

David Llewellyn-Smith
Monday 20 May 2024
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Michael Hartnett at BofA.

Big Picture 2020s Secular Views:

Bonds in early secular bear market… driven by debt, deficits, reverse-globalization, inflation; secular bear over only once electorate on Main St (elections) & Wall St (debt ratings, failed auctions) vote for less fiscal excess.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.