Can MMT work in countries with a trade deficit?
MMT suggests governments can spend until we reach full employment. But does that work in smaller countries with a trade deficit?
Month: September 2019
Markets brush off all yesterday’s news; RBA cut expected
A quarter percent rate cut is expected from the RBA today. NAB’s Rodrigo Catril explains why, as well as examining the sharp fall in the Kiwi dollar and bad news expected from Japan today.
Trump’s equity delisting threat, a storm in a China teacup?
Did the markets overreact on Friday to US threats to delist Chinese companies in US stock exchanges? NAB’s Tapas Strickland says there are big divisions in the US administration on this.
US Dollar close to two year high, despite everything
The US dollar almost at a two-year high. Despite all that’s going on in the US. NAB’s Gavin Friend explains why.
New trade hope, no smoking gun, more Brexit noise
US markets are less concern by impeachment than positive signs on US China trade. NAB’s Tapas Strickland on today’s Morning Call podcast.
Impeachment talk knocks markets
Equities, bond yields and oil all hit hard by impeachment proceedings against the US President. NAB’s Rodrigo Catril talks through a busy day for geopolitical news, on both sides of the Atlantic.
Boris is fighting for the lions share of a minority
There’s no doubt his strongarm tactics help Boris Johnson won public support, but polls suggest he’ll never win over the majority. Why? Because they don’t want Brexit.
German manufacturing worst in 10 years; will Lowe signal RBA rate cut
German manufacturing data (worst in 10 years) suggests a recession. NAB’s Tapas Strickland says the Bundesbank doesn’t see it as a cause for concern. Listen in to find out why.
The insignificance of gold
Gold used to be an intrinsic part of the monetary system .Not any more. So ,does it serve any use today, other than being a speculative instrument?
Trump pours cold water on trade hopes
Last week finished in a risk-off mood. Why? NAB’s Rodrigo Catril talks about the impact of failing US China trade talks, Germany’s budget, Brexit uncertainty, mixed Fed attitudes and Iran-Saudi relations.
THE TWITTERATI
Markets are cautious today. It’s not just rising COVID numbers, says NAB’s Tapas Strickland, the US election next week could be more contestable than we thought. https://t.co/w64bTe4mPU
Boots to introduce a 15 minute COVID test kit, of which 13 minutes is standing in the queue for the checkout.