In today's investment webinar Nucleus Wealth's Head of Investments Damien Klassen, and Senior FInancial Advisor Mark Monteiro are joined by Matthew Johnson, the Principal of
Signal Macro to discuss our thoughts on why Australian Banks are so profitable compared to International Banks.
You can find Matt's writing at
Signal Macro
Take us on your daily commute! Nucleus Investment Insights is available in Podcast form on iTunes and all major Android Podcast Platforms.
Timestamps:
- 00:00 Introduction and background on Matt
- 03:20 Bank funding & CLF
- 09:30 Why are Australian banks so profitable?
- 18:10 Are these changes a signal that govt will stop pushing house prices?
- New Zealand housing market 29:30 Will Aus follow suit and raise rates?
- 35:10 Wage growth
- 36:50 USD vs AUD
- 41:05 Worst case scenarios for the big 4?
- 45:15 TFF
- 46:20 Bond rates
- 48:00 The RBA following other global banks
- 52:45 Macro look at US economy
- 55:55 Europe and their ties to China
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Damien Klassen is Head of Investment at Nucleus Wealth.
Damien has a wealth of experience across international equities (Schroders), asset allocation (Wilson HTM) and he helped create one of Australia’s largest independent research firm, Aegis Equities. He lectured for over a decade at the Securities Institute, Finsia and Kaplan and spent many of those years as the external Chair for the subject of Industrial Equity Analysis. Damien runs the investment side of Nucleus Wealth, selecting stocks suggested by analysts and implementing the asset allocation. Damien started Nucleus Wealth after 20+ years in financial markets. He wanted to come up with an investment solution for ordinary investors that delivers the same types of personalised investment portfolios high net worth investors use.
