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.
Equities, bonds and the greenback all respond to positive retail numbers in the US. NAB’s Gavin Friend says investors are still cautious, even as share indices keep hitting new highs. https://t.co/spUutrzjM8