Phil Dobbie talks to NAB’s David de Garis about the market’s continuing reaction to Fed chair Jerome Powell’s ‘transitory’ remark on low inflation yesterday. It’s seen a further rise in US rates and a fall in equities. Will tonight’s non-farm payrolls data show continued low wage growth, or could they pick up? Plus, the Governor of the Bank of England suggests a Brexit deal would see rate hikes not currently priced in by the markets. Perhaps because few are expecting a deal anytime soon.
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Understanding how little we understand
We now understand how little we understand about inflation says the Fed’s Jerome Powell. That doesn’t inspire you with confidence says NAB’s Gavin Friend!
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Nordaus’ Climate Model Debunked
William Nordhaus won a Nobel prize for his work on climate change and the economy. Steve Keen talks about one sizeable flaw in his modelling.
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Code red, but focus is on the Fed
Once again markets are still split between expectations of quicker tapering by central banks, and concerns over lockdowns slowing the global recovery. NAB’s Tapas Strickland on today’s podcast.
