The world is fracturing and Australia faces some critical decisions - FY27 Outlook

The geopolitical and economic tides have shifted. Recent decades played out against a backdrop of globalisation, disinflation, falling interest rates, and above-normal equity market returns. That era is behind us, and the path forward looks vastly different. This shift sits at the core of this special episode of Success and More Interesting Stuff, which brings together three leaders in equity investing, gold mining, and economics. The panel dives into the outlook for geopolitics, commodities, inflation, and equities - highlighting both the challenges and the unique opportunities ahead. For Australia, the panel agrees the country faces critical decisions on navigating trade and defence alliances while remaining competitive on the international stage. These choices must be made at a difficult crossroads: economic growth is sluggish, and inflation remains stubbornly higher than the RBA would like. Yet, there are clear reasons for optimism. Strong commodity prices - fuelled by heavy global spending on the AI buildout, defence, and electrification - play directly to Australia’s traditional strengths. With so many moving parts, it is a fascinating time to step back and think long-term about the structural shifts influencing global economies and what they mean for capital allocation. For this episode we’ve invited to of our most-popular guests from previous episodes of Success and More Interesting Stuff who are joined by one of Australia’s top economists. The panel: Jake Klein, Chairman, Evolution Mining (ASX:EVN): Paul Moore, Chief Investment Officer, PM Capital: Jo Masters, Chief Economist, Barrenjoey Capital. Time codes 0:00 - Introduction 2:15 - Geopolitics 13:52 - Commodities 23:43 - Inflation 39:56 - FY27 Outlooks: Gold, Equities and Economics 50:08 - Reasons for optimism in 2027