As 2017 began, there was (once again) an air of optimism that interest rates are about to return to normal. This optimism dismisses the significant structural headwinds that are prevalent.

Brett Lewthwaite, Macquarie Investment Management | 3 comments | 0.25 CE

Debt levels are too high (deja-vu!). Until now, QE has softened the impact. With consensus perceiving the Fed to return to normal (?), markets are entering unchartered waters - 2016 is set to be a volatile year.

Brett Lewthwaite, Macquarie Investment Management | 2 comments | 0.50 CE

With the Federal Reserve today moving away from zero with a 25 basis point move, has anything changed my view that bond yields will stay lower for longer? I don't think it has. 2016 should be a very interesting market environment

Brett Lewthwaite, Macquarie Investment Management

The view that markets will go on tolerating lower interest rates for far longer is the more benign, market friendly (almost bullish) outlook than the common thinking that higher interest rates will be good.

Brett Lewthwaite, Macquarie Investment Management | 0.50 CE