MMT suggests governments can spend until we reach full employment. But does that work in smaller countries with a trade deficit?
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.
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