John McDonnell has proposed that all companies over a certain size would be required to transfer equity into an inclusive ownership fund, which would issue shares to people working for that company. So, is this a good idea? Will it make companies more effective, or is it an example of extreme socialism. Steve Keen says its as socialist as Germany.
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ECB, calibrating not tapering
As expected, the ECB cuts it pace of bond buying. NAB’s Gavin Friend says this is correcting an ECB that has been too gloomy on growth and inflation.
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The TV Now aftermath
The football codes seem to have won over the prime minister on copyright reform. On Twisted Wire this week, we ask, “isn’t it all a bit of a knee-jerk reaction?”
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No shutdown, just an emergency (and a holiday)
A risk on mood as the US govt shutdown is avoided and optimism on US China trade talks. But are these real resolutions? I ask @NAB’s David de Garis whether markets are getting ahead of themselves?
