This week the Chanticleer podcast looks at the sudden bull market; the exit of George Frazis at BOQ and what the RBA might do on Tuesday. Listen today:
Here are some highlights from the conversation:“George is a controversial colourful figure. Tell us a little bit about his management style and why it grabbed so much attention.“There was a lot of stuff there that really sort of came as a surprise to the market and caused a lot of unease among investors.”“This really matters to Australia. We’ve seen what’s happened to the iron ore price this week, as a good guide as to how things are moving. Iron ore got down to towards $US80 a tonne.
”“Iron ore is feeding their property sector and the Chinese manufacturers coming the other way, or are filling up all those Bunnings warehouses with all those products that people love to buy on the weekend. So, there’s a sort of that it’s the two-way trade that could be, you know, drastically affected if they don’t open up and get this into a manageable situation.”“Personally, I think they’ll go 25 basis points because they won’t meet again until February.
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