Welcome to Firstlinks Edition 656

Welcome to Firstlinks Edition 656

The economic impacts of the war in Iran continue to dominate headlines. Investors are following their typical playbook and rushing into the ‘obvious’ winners of the turmoil in the Middle East. For instance, there are higher oil prices. Over the previous month the following energy companies have performed well: Exxon Mobil is up 12.44% Chevron is up ...
Australia renewables must move fast AND fair

Australia renewables must move fast AND fair

As record heatwaves and bushfires yet again coincide with devastating floods across Australia, the impacts of global warming feel very close to home. So, it is a welcome relief that the Australian economy seems to have finally reached a tipping point in its transition to renewable energy. The country’s two largest electricity grids are now powered by ...
Central banks need higher inflation targets

Central banks need higher inflation targets

In 1971, an uncle of Don Brash, the governor of the Reserve Bank of New Zealand from 1988 to 2002, invested the proceeds from selling his fruit farm in 18-year government bonds yielding 5.4%. At that time, the uncle’s NZ$30,000 could buy 11 four-cylinder cars. But when the bonds matured in 1989 the NZ$30,000 could buy only one of those cars. Inflation, ...

Welcome to Firstlinks Edition 656

Welcome to Firstlinks Edition 656
The economic impacts of the war in Iran continue to dominate headlines. Investors are following their typical playbook and rushing into the ‘obvious’ winners of the turmoil in the Middle East. For instance, there are higher oil prices. Over the previous month the following energy companies have performed well: Exxon Mobil is up 12.44% Chevron is up ...

Australia renewables must move fast AND fair

Australia renewables must move fast AND fair
As record heatwaves and bushfires yet again coincide with devastating floods across Australia, the impacts of global warming feel very close to home. So, it is a welcome relief that the Australian economy seems to have finally reached a tipping point in its transition to renewable energy. The country’s two largest electricity grids are now powered by ...

Central banks need higher inflation targets

Central banks need higher inflation targets
In 1971, an uncle of Don Brash, the governor of the Reserve Bank of New Zealand from 1988 to 2002, invested the proceeds from selling his fruit farm in 18-year government bonds yielding 5.4%. At that time, the uncle’s NZ$30,000 could buy 11 four-cylinder cars. But when the bonds matured in 1989 the NZ$30,000 could buy only one of those cars. Inflation, ...