Markets continue to respond to news reports highlighting the (admittedly slow) spread of COVID-19. It’s raised demand for US treasuries, with yields falling further today along with expectations that the Fed will have to react. But how quickly? Phil Dobbie asks NAB’s Gavin Friend in London. They also discuss the widening gap between the EU and UK on Brexit negotiations, as the EU lays out its red lines and the UK to show their hand this week also.
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We need to prepare the economy for a lock down
Cutting interest rates won’t solve the problem of low production and low demand – so, I ask Prof Steve Keen, what can be done to protect us from the impact of the Corona Virus.
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Germany and NZ send markets on a rollercoaster
session high on volatility, spurred on by bad German data and rate cuts by central banks.
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Making Friends With a Bigger, Greener China
Their demand for fossil fuels certainly helped see Australia through the global financial crisis. Could a greener China slow growth in these exports, especially when coupled with China’s own exploration and search for other overseas partners?
