REPORTS, COMMENTS AND INSIGHTS

Transportation

Communication

Energy

WORLDVIEW
11 JUNE 2021

Bevan Graham

Bevan Graham discusses this week’s ANZ Business Outlook Survey, looks ahead to next week’s NZ GDP release and muses on what it all means for the RBNZ.

WORLDVIEW
4 JUNE 2021

Bevan Graham

How’s it going in Australia?  Bevan Graham takes a look at the latest GDP data from across the ditch.

WORLDVIEW
21 MAY 2021

Bevan Graham

Salt’s economist Bevan Graham discusses this week's New Zealand Budget.

GLOBAL OUTLOOK

7 May 2021

Global growth revised up, risks evenly balanced

The global growth outlook continues to improve as COVID vaccines roll out and economies continue to return to some degree of normal. There are risks on the horizon but in the near-term they appear evenly balanced.  The more medium-term risk centers on the inflation outlook and the extent to which higher inflation in the next few months is transitory, as central banks expect, or something more fundamental.  We are keeping an open mind.  For now, the "bull" narrative for equities remains intact, though we remain wary of further increase in bond yields.

WORLDVIEW

30 April 2021

Bevan Graham

Salt’s economist Bevan Graham looks at this week’s developments in the United States including President Joe Biden’s latest stimulus plan, March quarter GDP data and the latest statement from the US Federal Reserve.n data and what it means for the RBNZ.

WORLDVIEW

16 April 2021

Bevan Graham

Salt’s economist Bevan Graham takes a look at this week’s US inflation data and looks ahead to next week’s NZ CPI release.

WORLDVIEW

1 April 2021

Bevan Graham

Salt’s economist Bevan Graham discusses President Biden’s American Jobs Plan

WORLDVIEW

19 March 2021

Bevan Graham

Salt’s economist Bevan Graham shares his views on this weeks NZ December quarter GDP result and the March statement from the US Federal Reserve.

WORLDVIEW

11 March 2021

Bevan Graham

Salt’s economist Bevan Graham shares his observations on some of the recent local economic releases and what they mean for the economy overall.

GLOBAL OUTLOOK

21 February 2021

Aspiring to a better normal

The COVID pandemic is an event that has taken a considerable human, social and economic toll around the world.  The economic and social scars will likely persist for many years.

INSIGHTS
4 JUNE 2021

Greg Fleming

Income Investment Funds: Taking up the strain? 

 

Income is a problem in New Zealand, and not just in the sense of investment income.

WORLDVIEW
28 MAY 2021

Bevan Graham

Salt’s economist Bevan Graham discusses this week’s RBNZ Monetary Policy Statement and the outlook for interest rates.

WORLDVIEW
14 MAY 2021

Bevan Graham

Salt’s economist Bevan Graham discusses this week’s surprise US inflation result, and what indicators we should be watching to determine the durability of the current inflation burst.

WORLDVIEW

6 MAY 2021

Bevan Graham

Salt’s economist Bevan Graham talks about this week’s New Zealand labour market data and what it means for the Reserve Bank of New Zealand

WORLDVIEW

23 April 2021

Bevan Graham

Salt’s economist Bevan Graham takes a look at this week’s New Zealand inflation data and what it means for the RBNZ.

WORLDVIEW

9 April 2021

Bevan Graham

Salt’s economist Bevan Graham discusses the latest global economic forecasts from the International Monetary Fund.

WORLDVIEW

26 March 2021

Bevan Graham

Salt’s economist Bevan Graham discusses this week’s housing policy announcement from the New Zealand Government

INSIGHT

17 March 2021

China Rebounding Strongly

Salt Economist Bevan Graham takes a look at some of the recent activity data out of China.  The Chinese economy is recording spectacular growth rates off the low base of last year.  That said, challenges remain as the leaderships seeks to reorient the economy towards greater consumption to create a more prosperous society.

WORLDVIEW

2 March 2021

Bevan Graham

Bond yields have risen sharply over the last few weeks, reflecting the improving global growth outlook and rising inflation expectations.  Central banks will be ok with this, but only up to a point.  Share markets have been rattled, but equities will be ok if the rise in yields is slow and accompanied by a rise in earnings.

GLOBAL EQUITY OBSERVER

Insta-engagement

Effective engagement needs time. Expecting instant results from an engagement is as senseless as expecting instant alpha. Just as we look for steady and consistent growth in the companies we own, we value steady and consistent improvement in their approach to environmental, social and governance (ESG) issues over zigzagging in policy to satisfy short-term appetites and box-ticking.