Episode 75: War, Rates, and Risk: Where to Hide in a Fragile Macro Regime

About this episode

The episode discusses the implications of rates markets and escalating conflict on investment strategies in a fragile macro environment.

Welcome to the Complexity Premia podcast by Coolabah Capital, a hosted by Christopher Joye, Chief Investment Officer and Portfolio Manager at Coolabah Capital, and Ying Yi, a Senior Portfolio Management Director at Coolabah Capital. The Complexity Premia podcast strives to deconstruct modern investment problems for wholesale (not retail) participants in capital markets. You can listen on your favourite podcast app, or you can find it on Spotify, Podbean or Apple Podcasts. Chris and Ying Yi break down what rates markets are pricing in Australia and the US, and what that implies for housing, the Aussie dollar, and broader asset valuations. They assess the market impact of escalating conflict in Iran, where capital is flowing in periods of stress, and which assets are proving resilient. The discussion then turns to positioning—how to think about risk, where to hide, and where the most compelling opportunities are emerging in an increasingly volatile global environment. This information is suitable for wholesale investors only and has been produced by Coolabah Capital Institutional Investments Pty Ltd ACN 605806059, which holds Australian Financial Services Licence No. 482238 (CCII)…

People in this episode

Hosts: Christopher Joye, Ying Yi

Topics covered

• macro regime
• rates markets
• housing
• Aussie dollar
• asset valuations
• risk assessment
• investment opportunities

Keywords

• investment
• capital markets
• risk
• housing market
• Aussie dollar
• asset valuation
• global volatility

Mentioned in this episode

Organizations: Coolabah Capital, Coolabah Capital Institutional Investments Pty Ltd

Places: Australia, US, Iran

More episodes of Complexity Premia

• Episode 76: The Budget Shock: Rates, Housing, and Australia’s Capital Flight Risk · May 15, 2026 · 28 min
• Episode 74: War in Middle East; Oil Price Shock; Inflation and Interest Rates · March 9, 2026 · 20 min
• Episode 73: Bonds, Bots, and Base Rates: Where Yields Go Next · February 24, 2026 · 27 min
• Episode 72: America First, Inflation Second: Trump, Power Politics, and the End of Easy Money · January 21, 2026 · 21 min
• Episode 71: From Lucky Country to Lazy Land: When the State Smothers Markets · December 21, 2025 · 10 min
• Episode 70: AI Capex: The Trillion-Dollar Inflation Time-Bomb · November 30, 2025 · 11 min