Wednesday 18th March 2020
Okay, it might not meet the technical definition of helicopter money, but President Trump is hoping to land $1,000 into the bank accounts of most Americans in the next two weeks. He gave the news at a press conference around the time that the UK’s Chancellor Rishi Sunak was promising extended loans to business and a three-month mortgage holiday for some. Phil Dobbie asks NAB’s Ray Attrill which approach will work best, with Ray suggesting that both approaches show governments are taking the threat to their economies seriously and changes are fast moving. Perhaps that’ll stabilise equity markets. Meanwhile the Aussie dollar has fallen below the post GFC low, not helped by the continuing argy-bargy over oil.
-
NBN’s Mixed Review
A big week for NBN news, with the NBNCo SZtrategic Review published, and the announcement of Bill Morrow as the head of the new look company.
-
To Inform or To Persuade?
Steve Herzberg says the art of sales is to make people feel like they have decided independently to do exactly what you’d like them to do!
-
US recession talk and EU helps kick the can
Does an inverted yield curve mean a recession is on the way? Too early to call, says NAB’s Rodrigo Catril. But, it does seem the slowdown in Europe will last longer than envisaged.
