logo-loader
viewProactive Investors Australia

Bulls, Bears & Brokers: Alto Capital’s Tony Locantro on this week’s interest rate cut

Alto Capital investment manager and stock market commentator Tony Locantro speaks to Proactive Investors about the official rate cut this week, which marks a new record low of 1%, and what this means for property and stock markets. 
 
Locantro says the Australian economy is well past the point of no return with recession imminent. 
 
“1.5% was regarded as emergency cash rate, now we are at 1%,” he says. 
 
“I think this is a huge admission that the Australian consumer is tapped out, property speculators are tapped out … it’s like a sandbag to a tsunami, there is nothing the Australian consumer can do.”

Quick facts: Proactive Investors Australia

Price: - -

ASX:.
Market: ASX
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Cardinal Resources delivers Namdini gold feasibility study...

Cardinal Resources Ltd (ASX:CDV) chief executive officer and managing director Archie Koimtsidis updates Proactive on delivering a pleasing feasibility study for the Namdini Gold Project in Ghana, West Africa which confirms it as a tier-one gold project. The CEO said the FS demonstrates a...

54 minutes ago

2 min read