Damien Klassen

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Do we really need more tax breaks and demand for property?

May 2022 Australian property market affordability update Australian property market prices have started to drift lower. In recent months, mortgage fixed interest rates have risen substantially, now standard variable rates are on the rise. The official rate rose, and already affordability is as poor as it has ever been in some markets.  Housing valuation and

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MB Fund April 2022 Performance

Stock markets started to slide in April and have accelerated to the downside in the early days of May. Commodities continue to be the main story, tremendously volatile. Over the last 12 months, iron ore more than halved, then added 50% and is now falling. Oil and gas have been similarly volatile. From here, there

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Ignore the electricity grid Chicken Littles

There has been a lot of talk lately about electric vehicles and their impact on the electricity grid. Some say we can’t transition to renewable energy because electric cars will swamp the grid with demand. GMO’s Grantham was the latest of a long line who are concerned: Perhaps the last great irony of the fossil fuel

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MB Fund March 2022 Performance

The Australian stock market boom continued into March, although it is showing signs now of petering out. Commodities are the main story, and tremendously volatile. Over the last 12 months, iron ore more than halved, then added 50% and is now oscillating around the $150 mark. Oil and gas have been similarly volatile. From here,

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Australian property affordability crashes before any rate hikes

April 2022 Australian property market affordability update Australian property market prices look like they have stalled in Sydney and Melbourne. In recent months, mortgage fixed interest rates have risen substantially, standard variable rates slightly. The official rate has not yet risen, but affordability is as poor as it has ever been in some markets.  In

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MB Fund Podcast: Has the Australian housing market peaked?

In this investment podcast, Chief Investment Officer Damien Klassen, Economist and Author Professor Steve Keen, Leith van Onselen, the Chief Economist at Nucleus Wealth and Senior Financial Adviser Samuel Kerr explore whether the housing market has peaked in Australia. On the agenda, Interest rates rising. Is that the end of rising house prices? Debt burden,

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MB Fund Podcast: Commodity Blow-Off

In this investment podcast, Chief Strategist David Llewellyn-Smith, Chief Investment Officer Damien Klassen, and Senior Financial Adviser Sam Kerr take another look at the commodities price boom in the face of the Ukrainian invasion. Agenda: Latest situation Anatomy of a blow-off Effective sanctions Supply elasticity Demand destruction Risks: Financial crisis / Recession / Supply chain

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Will commodities really save your portfolio from inflation?

Chinese inflation indexes were weak again yesterday. Consumer price inflation has been weak for more than a year now. Yesterday merely confirmed December’s downtrend. The more interesting action is in producer price inflation. This had been running hot, no doubt fuelling inflation concerns globally:  Under the hood is where producer prices become more interesting. All

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MB Fund Podcast: Will the Market Meltdown continue?

In today’s investment webinar (LIVE 12:30pm AEDT), Nucleus Wealth’s Head of Investments Damien Klassen, and Senior Financial Adviser Sam Kerr detail if the Market Meltdown will continue Topics on the agenda today: Bull case for markets Supply chain Wage Growth China Earnings Valuation View the presentation slides Click here to subscribe to our YouTube channel

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MB Fund Podcast from the archives: China’s Stealth War, with Brig. Gen. Robert Spalding

As we’re unable to shoot a live episode today, we’re rolling out an episode from the archives in which Senior Whitehouse & Pentagon advisor, Air Force General Robert Spalding joined us to discuss his publication “Stealth War” Agenda: The episode features huge China revelations with implications for not only Investments, but moral opposition to China.

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MB Fund Podcast: China’s Property Market crash lands in 2022

In today’s investment podcast, MB Fund’s Chief Strategist David Llewellyn-Smith, Head of Investments Damien Klassen, and Senior Financial Advisor Sam Kerr pull apart the Chinese property market’s crash landing Agenda: After 30 years of boom, the Chinese property development market is going bust. Signature policies of “three red lines” and “common prosperity” has triggered it.

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MB Fund December 2021 Performance

December saw a strong performance from all of our tactical portfolios, our Growth portfolio rose 2%, Accumulation rose 1.2% and Income rose 0.7% as portfolios as bond markets recovered their losses from the prior months. Stock markets remained strong, our international fund rose 4% over the month, significantly outperforming the world index as travel stocks

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MB Fund Podcast: Will Australian Property continue to Boom in 2022? With Martin North

In today’s investment podcast, Martin North of Walk The World joins MB Fund’s Head of Investments Damien Klassen, and Senior Financial Advisor Sam Kerr to discuss if Australian Property will continue to boom in 2022 On the agenda: Latest household mortgage stress data Postcode stress mapping Scenario analysis on what’s next for Australian property Viewer

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MB Fund Podcast: Why immigration is the key to Australian interest rates in 2022

In today’s investment webinar MB Fund’s Head of Investments Damien Klassen, Chief Economist Leith van Onselen and Senior Financial Advisor Sam Kerr illuminate us on why immigration is the key to Australian interest rates in 2022. On the agenda: After 11 long years of interest rate cuts, many commentators and markets are forecasting a rise

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MB Fund Podcast: How to make your ethical investment effective

In today’s investment webinar MB Fund’s Head of Investments Damien Klassen and Senior Financial Advisor Sam Kerr cover the different ways you can invest ethically, how ethical investing really works, why you might consider it, and the investment impacts of the decisionOn the agenda: Defining Ethics Effect on portfolio performance What are the options for

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China data dump better than last month, but still bad

Housing Construction The glass one-third full interpretation of China stats out yesterday is that November wasn’t as dire as October. Which is true. New housing starts were up 14% from October to November. But they were still down 22% on last November. 20% vs 2019 or 2018. The trajectory is not good: Fixed Asset Investment

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MB Fund Podcast: Omicron market impacts

In today’s investment webinar, MB Fund’s Chief Strategist David Llewellyn Smith, Head of Investments Damien Klassen, and Senior Financial Advisor Sam Kerr discuss various scenarios for how Omicron may play out, and subsequent investment market impacts On the agenda: Virus Background Key Unknowns Government and people reactions OMICRON scenarios View the presentation slides Click here

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Is inflation a demand shock or a supply shock?

A client asked us to look at a recent Bridgewater post titled It’s Mostly a Demand Shock, Not a Supply Shock, and It’s Everywhere, which has some important points to make. We have been taking the other side of the debate, and it is worth looking at the arguments in detail. Bridgewater’s view: Even as supply

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MB Fund Podcast: Has the Australian Dollar bottomed?

In today’s investment webinar, MB Fund’s Chief Strategist David Llewellyn Smith, Head of Investments Damien Klassen, and Senior Financial Advisor Sam Kerr sit down to discuss the recent falls in the Australian Dollar, gains in the US Dollar, and ultimately answer the question, has the Australian dollar bottomed? On the agenda: Structure versus cycle Five

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MB Fund Podcast: The Future of Energy, with Bruce Thompson of Greensync

In today’s investment webinar MB Fund’s Head of Investments Damien Klassen, and Senior Financial Advisor Sam Kerr are joined by Energy Expert Bruce Thompson to discuss Greensync, and how electricity, power grids, battery technology and solar power will change in the near future On the agenda: Future of energy markets/grids; off-grid vs national vs local