The Fed’s Beige Book was out this morning and NAB’s David de Garis has been flicking through the pages. He tells Phil Dobbie that the report talks of modest growth, with slowing employment growth and concerns about trade related uncertainty. There’s also some concern about the US debt ceiling again. Could we be heading for another government shutdown? The pound has bounced back, despite any Brexit news that doesn’t point to a no-deal or a kamikaze election for the Tories. Whilst employment data is the big event for Australia – will the numbers march in the direction of the RBA’s target of 4.5% unemployment?
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Flood Plains and Memory Loss
House prices in parts of Brisbane can expect to fall by as much as 35 percent as result of the recent floods. Yet we know which suburbs are liable to flooding, so wouldn’t the risk have been factored in to house prices?
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What are bond yields and why they matter
This morning @PaulKavanagh1 and I try to explain how bond yields work and why they’ve driven central banks into buying more and more of them. Plus, that @piersmorgan exit.
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The price of supply chain disruption
Markets are optimistic given strong earnings and positive economic indicators, but NAB’s David de Garis so supply chain issues will push prices up temporarily. But how long is temporary?
