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.
Day: September 23, 2019
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?
THE TWITTERATI
NAB’s Ray Attrill talks through the Aussie dollar’s swift response to yesterday’s jobs numbers and weak activity data from China. But that’s not the only bad news … https://t.co/P9PCKUVaS4
The NZ dollar soared as the RBNZ kept rates on hold yesterday. NAB’s David de Garis says the dollar has kept that level since. Otherwise markets were fairly muted given a total lack of other surprising news. https://t.co/wao1Bfllvh