The NZ dollar jumped 1.7 percent yesterday after the RBNZ indicated they weren’t expected to change rates till 2021. NAB’s Gavin Friend explains the reaction. He also talks to Phil Dobbie about the countdown to the US government shutdown – the expectation is it will be averted and the March 1 deadline for China trade tariffs will be pushed back, hence the continued optimism in the markets. There’s also some discussion about whether US equities are riding too high, the influence of share buybacks, and the latest CPI readings from the US and UK. Plus, what to look out for today.
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Strong earnings, cautious ECB and NZ’s first day without QE
A continuation in the bond recovery as investor put aside COVID concerns, helped strong earnings results, says NAB’s Gavin Friend on today’s podcast.
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Vaccine delays throw dampener on recovery timelines
Markets are finding it hard to look through the COVID news. NAB’s Ray Attrill says there’s been too much bad news to ignore.
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Private energy, shared planet
How do we control energy use and save the planet? If we push prices up it’s the poor who suffer. On the Debunking Economics podcast @ProfSteveKeen says we need to consider rationing
