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.
Markets are finding it hard to look through the COVID news. NAB’s Ray Attrill says there’s been too much bad news to ignore. https://t.co/CR4ubfGlb2