In her book ‘Capitalism’s Toxic Assumption’ Eve Poole suggests competition can other be more destructive rather than a positive contributor to the economy. In this edition of The Debunking Economics Podcast Phil Dobbie talks to Prof. Steve Keen about scenarios where competition is more of a hinderance than a help. Can the competition regulator sometimes get in the way of initiatives that would be for the public good? Is there a mindset change required on how companies operate and work together?
To hear the full version subscribe by picking a plan in the right column of the Debunking Economics website (not the mobile app). Or become a patron at https://www.patreon.com/ProfSteveKeen
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What’s Canada Got that Australia Hasn’t?
In the latest annual Country Brand Index, compiled by FutureBrand in conjunction with the BBC World News, Australia ranked second, with Canada in the lead.
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Another big share flip and a boost in Aussie business confidence
Bond yields have reversed direction and so has everything else. NAB’s Ray Attrill says the auction of bond yields in the US tonight will be a test of value. Meanwhile all eyes will be on Philip Lowe for hints on the next moves from the RBA.
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US GDP was better than it looks
Friday 30th July 2021
Markets have had a chance to absorb the dovish sentiment from the Fed yesterday and take stock of mixed data overnight. On the surface US GDP numbers looked weaker than anticipated, but a chunk of that was influenced by lower inventory and trade numbers. NAB’s Gavin Friend explains how consumption and investment was actually much higher than anticipated. He says we can expect a strong GDP read for the Euro are later today, where vaccine levels are picking up. Markets have also been soothed from conciliatory messages from China regarding overseas investors. The Aussie dollar showed slower growth on the back of a weaker US dollar, as the question remains, how long will the Sydney lockdown really last?
