PHIL’S AUDIO SHOWREEL
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Should oil companies pay a windfall tax?
Rising oil prices means energy companies are making mega-profits. I ask Steve Keen if they should pay a windfall tax on this unexpected income?
One day when fears eased, for a bit
Hopes of lockdown easing in China supported positive sentiment on Friday, but on today’s podcast NAB’s Tapas Strickland suggests one reason why that sentiment might shift today.
A world of worry
The market is very brittle today, says NAB’s David de Garis, with no clarity on when inflation will peak, how much is supply side and how far central banks will have to go. Add China’s lockdowns and the war. In short, a world of worry.
US inflation numbers hit shares, bond markets more restrained
The market focus was on the US CPI print overnight says NAB’s Skye Masters, with a surprise lift in the core number. That’s hit shares, and front end yields, but less movement in longer dated bonds suggest markets haven’t changed their view of the end-game for the Fed.
A momentary lapse of reason
Shares have been on the rise, but NAB’s Rodrigo Catril says we haven’t seen any great news over the last 24 hours and the underlying problems remain. Even falling oil prices could be shortlived, he says on today’s podcast.
Stocks dive over fears of the perfect storm
Shares took a nosedive in the US overnight. NAB’s Taylor Nugent says this comes from little in the way of data and no change in tune from central bank speakers. It just points to the uncertainty of future growth.
Random Stuff
More discussion please
Mainstream electronic media is built around the sound bite and 24-hour news cycle. That means ideas get distilled down to their simplest form. There’s little room for discussion at a time when we need more of it.
A quiet day to contemplate the outlook and take in the NAB Business Survey
The markets are on hold ahead of a flurry of activity later this week. NAB’s Alex Stanley talks us through it on today’s Morning Call podcast. The calmness gives time to absorb today’s NAB Business Survey.
Removing the green premium
The BiIl Gates approach to the climate crisis is to eradicate the carbon-free premium. But in today’s Debunking Economics podcast Steve Keen says that only goes part of the way to a solution.