Steve Keen and I agree on lots of things, but fall on either side of the Brexit camp. One of us believes Britain should have remained to fight EU bureaucracy from the inside, the other suggests the community is fundamentally flawed, along with the concept of free trade, and will collapse soon anyway.
In this FREE podcast I ask Steve whether, irrespective of the ideology, Brexit will inflict a lot of short term hurt on many of those who voted for it. There’s also discussion on Theresa May’s 12 point plan, which both agree seems to ignore the opportunity and focuses on making the mistakes of the European partnership in other parts of the world.
In other words, will Theresa May just make things worse?
To hear more podcasts from me and Phil subscribe by picking a plan in the right column of the Debunking Economics website (not the mobile app).
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Risk on, but war still on too
A sharp shift in market sentiment today. It’s good news, says NAB’s Gavin Friend, based on a number of circumstances, but nothing concrete.
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Biden’s sanctions first step against Putin’s ‘invasion’
President Biden has announced sanctions against Russia’s invasion of Ukraine. NAB’s Ray Attrill says the market response hasn’t been strong so far, but maybe the uncertainty is even to dissuade the RBNZ from contemplating a half percent rate hike today.
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Markets calmer, Aussie takes a hit, Theresa reaches out
Global markets are calmer but, as NAB’s Rodrigo Catril explains, the Kiwi and Aussie dollar took the biggest hit. In Australia’s case it was largely because of the impact of the housing downturn.
