Strong market reaction as Fed changes nothing
The market reacted sharply to the FOMC meeting today, even though there was nothing new. NAB’s Gavin Friend says this shows how divided opinions are right now and many were expecting more.
Day: 17 March 2021
Don’t reopen, relaunch
Richard Crawford Small has six ways of preparing your business for the new normal. Plus who is the new head of the OECD, and we celebrate Memphis, no longer a dirty word on Twitter.
THE TWITTERATI
A calm session on the markets. NAB’s David de Garis says there’s still uncertainty over what’s round the corner. Meanwhile, Australia inflation falls. Does that mean job done for the RBA? https://podfollow.com/nab-morning-call
In the Thirties the Chicago Plan proposed that banks had no part in money creation. Good idea or bad? Me and @profstevekeen on this week’s Debunking Economics podcast https://podfollow.com/debunking-economics-the-podcast