Oil Rises, Stocks Rebound, China warned
Oil rebounds, so do equities, but be careful how much you read into the moves says NAB’s Rodrigo Catril, with light trade ahead of Thanksgiving.
Day: November 21, 2018
THE TWITTERATI
Markets chose to take a negative view on the extended period of near zero interest rates signalled by the Fed, says NAB’s Gavin Friend. It’s a reminder that it’s the virus that determines the extent of the recovery, everywhere. https://t.co/VcC49Eumrp
Even now, central banks cling to the idea of NAIRU – a point at which unemployment gets so low inflation kicks off. I ask Prof Steve Keen whether they wil ever abandon the idea of NAIRU? https://t.co/9pxpJvvs67