Markets worried over longer lockdowns
Negative COVID-19 talk from the US has hit sentiment. NAB’s Rodrigo Catril says equities are down, so is the US dollar, but the appetite for the extra supply in treasuries is strong.
Day: May 12, 2020
THE TWITTERATI
Markets chose to take a negative view on the extended period of near zero interest rates signalled by the Fed, says NAB’s Gavin Friend. It’s a reminder that it’s the virus that determines the extent of the recovery, everywhere. https://t.co/VcC49Eumrp
Even now, central banks cling to the idea of NAIRU – a point at which unemployment gets so low inflation kicks off. I ask Prof Steve Keen whether they wil ever abandon the idea of NAIRU? https://t.co/9pxpJvvs67