The UK government announced an industrial strategy this week to tackle the problem of weak productivity growth. Yet, as Prof Steve Keen discusses with Phil Dobbie, the issue isn’t one of investment, as much as who the beneficiaries are from money spent on equipment aimed at improving productivity.
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Markets worried over longer lockdowns
Negative COVID-19 talk from the US has hit sentiment. NAB’s Rodrigo Catril says equities are down, so is the US dollar, but the appetite for the extra supply in treasuries is strong.
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A rebirth of localism
Wealth in UK is very concentrated in the southeast. How do we make it less so? I discuss local banking, administration, politics, and money with Steve Keen.
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Virus concerns spread, RBA rate cut might be delayed
Growing risk-off mood on Corona virus spread. NAB’s Gavin Friend on this, plus Aussie employment, the ECB strategy and big day for PMIs.
