RBA Governor Philip Lowe said QE wouldn’t happen in Australia until interest rates got down to 0.25%. NAB’s Rodrigo Catril goes through the take-outs from the speech yesterday. Plus, equities hit new highs in the US again on further hopes of a trade resolution with China. Phil Dobbie asks Rodrigo if, once again, the news really warrants the moves. The pound moved lower as Boris Johnson’s lead in the UK polls narrowed a little. Plus falling confidence in the US and the numbers behind their narrowing trade deficit. And a slug of US data out tonight, include inflation numbers and words from the RBNZ’s Adrian Orr first off this morning.
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Five Big Myths of Classical Economics
Steve Keen takes me through where economics has got it all wrong!
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Turn around on trade war but downturn in Germany
The markets reversed their position on optimism over US China trade talks, but NAB’s Tapas Strickland wonders what’s really changed?
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Why Money Won’t Keep Top Talent
Research shows that lots of us would like to earn more, but we’ll compromise a bit for job satisfaction and prestige.
