Paul Moore

Founder, CIO @pmcapitalltd, passionate about backing our youth, GWS Giants tragic.

[Adam Creighton @Adam_Creighton]

It’s time to come clean on super https://t.co/6LkKeu05bG

[Paul Moore @PaulMoorePMCap]

Old economy once again the place to be? #ausbiz

[Paul Moore @PaulMoorePMCap]

Pushback on negative rates building momentum. Distorting capital markets and at some point will cause major disruption. #ausbiz

[Paul Moore @PaulMoorePMCap]

S&P500 cash dividend yield now higher than the bond yield

[Paul Moore @PaulMoorePMCap]

Flows still risk averse which is typically positive for equities.

[Paul Moore @PaulMoorePMCap]

@jpmorgan does it again; earnings +15%, annualized return of capital 10%. Great business, great management, great yield.

[Paul Moore @PaulMoorePMCap]

Push back getting louder; better late than never. https://t.co/iJKeVqrtDd

[Paul Moore @PaulMoorePMCap]

Another rate cut would = another transfer of income from pensioners (lower deposit rates) to corporates (lower borrowing costs). #RBA afraid to be different. How is discouraging savings via negative real rates the way to achieve economic stability? Genius!

[Paul Moore @PaulMoorePMCap]

Thanks to Dr Brendan Nelson AO for hosting Karen and I at the Australian War Memorial and thanks for your passion for this national treasure – a must see for all Australians @AWMemorial

[Paul Moore @PaulMoorePMCap]

Finally - push back on negative rates/ fiscal flexibility. Dutch Govt sends a letter to ECB signalling disapproval of further monetary stimulus. Penny finally dropping that it’s not working and why the dramatic rotation from crowded growth to value over last two weeks.

[Paul Moore @PaulMoorePMCap]

My Portugal research trip a stark contrast to visit 7 yrs ago when it was like a ghost town. Now, cranes everywhere. A disconnect with bond market sentiment. If macro ok, some extraordinary valuations on offer. Reminds me of 2000 old economy v new economy debate.

[Paul Moore @PaulMoorePMCap]

Danish bank to offer 20 year fixed rate 0% home loan - free housing! https://t.co/P5gC30FWdm.

[Paul Moore @PaulMoorePMCap]

Keating the only one that gets it; top marginal tax rate is the big issue. Reform the tax system = more efficient allocation of capital and higher trend growth. Not rocket science!! https://t.co/sbtHbwZEsa

[Paul Moore @PaulMoorePMCap]

What's more irrational - the S&P 500 at 3000, or Greek bonds at 2.5%? #ausbiz

[Paul Moore @PaulMoorePMCap]

As with Brexit and Trump pollsters got it wrong because their process was wrong – 100% quantitative and no qualitative – highlights the risk with process investing. https://t.co/qSq2PJ4mV5

[Paul Moore @PaulMoorePMCap]

Interesting insight into @KKR_Co, one of our largest investments. https://t.co/DT8DlNP2JL

[Paul Moore @PaulMoorePMCap]

Versus Greek bonds at 3.29% all equities look cheap! https://t.co/tqn1x3T2J4

[Paul Moore @PaulMoorePMCap]

Late cycle does not necessarily mean end of cycle. https://t.co/RJZhnR1uX7 #ausbiz