Oil prices and US equities are back close to where they were at the start of the year when there was so much promise from the President’s expensive stimulus measures. So why, if there are concerns over a weakening US and global economy, is the US dollar on the rise today? It’s a question I put to NAB’s Gavin Friend in today’s Morning Call podcast. Could we see the US dollar weaken and the Aussie gain some strength? After all, we’re one part of the world that seems a step away from the problems facing many other economies. Yet, even with Philip Lowe talking things up last night, the Aussie dollar lost ground overnight.
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A cheaper way to roll out faster broadband
Peter Cochrane, a veteran of BT, says there’s a better option than fibre to the node – that will get us all the way faster.
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NBN is too expensive at $80 retail average
Malcolm Turnbull says the NBN is offering no cut-price nirvana. He’s right — the average wholesale price of $52 could translate to a retail price of around $80 to $85.
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Equities and bonds markets divided
Equity markets rose again in the US on strong earnings, but as NAB’s Gavin Friend points out in today’s podcast, bond markets have not responded, focused instead on what the Fed is doing and what impact that will have on the economy
