UK politics becomes even more incomprehensible as Theresa May faces a confidence vote from her own party. NAB’s Gavin Friend in London talks through the impact of the vote on the Brexit process – for now, it’s buoyed the pound a little, but it’s all relative. Meanwhile US equities have had a shot in the arm following a Wall Street Journal report that China might open up access to their domestic markets for foreign companies. And today the ECB meets, with an expected end to asset purchasing. Gavin also talks through NAB’s revised position on interest rate moves for Australia next year.
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Economics and thermodynamics
Steve Keen has often said economics needs to incorporate the principles of thermodynamics. So what exactly is thermodynamics, and how would it change our study of the economy?
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Why Verizon wants to buy AOL
Verizon is buying AOL not just for customer numbers, its largely to do with mobile advertising. Is this a space that more telcos should be playing in?
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Not convinced by the Fed
Markets are still responding to the weaker CPI read this week and don’t seem to believe the Fed when it says there’s still work to do. But NAB’s David de Garis says oil is the real inflationary concern as the northern winter approaches.
