Taking stock on a no-bad news day
Today’s positive market sentiment is driven mainly by a lack of new bad news. NAB’s Ray Attrill says the housing market looks set to be the brightest spot in the US economic recovery.
Day: June 29, 2020
Will money printing pay for the COVID-19 debt?
UK government debt is racing past £2.7 trillion – even more to come with Boris’ Rooseveltian aspirations. I ask @profstevekeen whether this money really has to be paid back?
THE TWITTERATI
Hopes that Europe will come together on their recovery plan has helped the Euro and weakened the US dollar, says NAB’s Tapas Strickland on today’s Morning Call podcast. https://t.co/3kaMjVn9sL
So, we need face masks to shop, where we pass people in seconds, but the government provides a cash incentive to sit inside a restaurant for an hour or so. This government really is a confused mob.