CBA delivers a monster profit and a monstrous decision…why the banks’ plans to cut lending to fossil fuel projects is telling…how the timing of the announcement has coincided with fresh supply fears and price spikes in oil and gas…and why investors are in a prime position to capitalise from this underappreciation of energy…
We marvel…we wonder…what is wrong with these people? We refer to the staff at Newsweek…who came out with this insipid headline story, ‘Biden Saved the Economy and Launched a New Age of Prosperity. Why Isn’t He Getting Any Credit?’:
ASX 200 inches higher on busy earnings day. Cettire surges on strong FY23 revenue growth. AMP, Boral, AGL, QBE, Zip all feature.
ASX 200 follows Wall Street down for another morning but shows some signs of recovery in futures. CPI data from China out today could see trouble in Asian markets.
Two important things happened last week…each signalling another milestone passed. While we were at an opera in Austria, an ex-president was indicted…and Fitch downgraded the most important asset in the entire world — US Government debt.
The days of cheap money appear to be over. The cost of debt is rising, which explains why Fitch has concerns over a blowout in future Federal budgets. How will successive administrations be able to afford the interest bill WITHOUT printing? The answer is, they can’t. The prospect of persistent global inflationary pressures is unnerving bond markets. This is why the Bank of Japan (BoJ) has started taking steps to be less controlling with its yield curve control…
Fat Tail Daily is brought to you by the team at Fat Tail Investment Research
Copyright © 2026 Fat Tail Daily | ACN: 117 765 009 / ABN: 33 117 765 009 / ASFL: 323 988
