Does an inverted yield curve mean a recession is on the way? Too early to call, says NAB’s Rodrigo Catril. But, it does seem the slowdown in Europe will last longer than envisaged.
The floating of currencies has created a massive forex industry. @ProfSteveKeen says it has made life harder for speculators, which is a good thing, but the world missed a trick when it ignored Keyne’s idea of the Bancor. https://t.co/NJDPcI33JI