Wednesday 8th April 2020
It’s staggering that, with so much uncertainty still remaining over the length and depth of the Corona virus, that US equity markets are close to a bull run – a 20% increase since March 23. On today’s Morning Call, NAB’s Ray Attrill talks about how the optimism is being driven by the infection and fatality curves for COVID-19 in Europe and the US. There’s also discussion about the RBA meeting yesterday and the bank’s attitude to tapering it’s new QE program; the EU meeting underway to discuss the potential for Corona Bonds that could help direct funding to countries most in need – should Germany play ball – and tomorrow’s FOMC minutes. But it’s mainly all about the curve.
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Employees on a Safe Path to Company Growth
Scott Blanchard says people can have positive intentions towards the company and the work they do, but only if they have a sense of well-being.
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Were mum and dad right about saving?
Did your mum and dad teach you to save money rather than borrow? It was better to have cash than be in debt. I talk to Prof Steve Keen about how the last few decades have seen a total turnaround in that thinking.
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Trump relents, oil climbs and Dow hits new high
Trump is ready to give the keys to the White House. NAB’s Rodrigo Catril says the news has given the market some positivity, along with Janet Yellen set to become Treasury Secretary in the US, together with more vaccine hopes.
