Month: March 2021

Vaccination is a global pursuit

This is no time for vaccine nationalism. As the WHO said, nobody wins the race until everyone wins the race. This week, in this free edition of the Debunking Economics podcast, Steve Keen and I talk about how to fund the international role out of a vaccine programme.

A post-COVID technology rush

On today’s podcast Peter Cochrane talks about how the COVID crisis has seen some leveling-up when it comes to the use of technology.

Powell gives no answers, bond yields climb again

Bond yields are on the rise in the US and Australia. NAB’s David de Garis says, in both cases, it’s been disappointment in the central banks for not doing more to keep control. Inflation fears have been fuelled further by OPEC+ failing to ease production cuts and sending prices higher.

Carry on furloughing

Today John Ashcroft joins me to go through yesterday’s budget – the good, the bad and the ugly. The good is the continuance of furlough, but how long before poorer households realise their taxes are going up?

Bond yields are at it again

Bond yields are back on the rise again. NAB’s Gavin Friend says, once again, its driven by optimistic of the economic comeback and inflation concerns, but egged on by news that UK debt issuance is likely to be £50b higher than expected.

Rishi, help the self employed

Tuesday 3rd March 2021

It’s already been revealed that the furlough scheme will be extended until September, and that the Chancellor will also extend support for the self-employed. But will Rishi’s budget today plug some of the gaps for those working for themselves, who have struggled through this crisis with no government support whatsoever. And could some of today’s budget measures make life more difficult for them? Andy Chamberlain, from the Association of Independent Professionals and the Self-Employed, talks through just how dire the situation is for many of those working for themselves.

Plus, yesterday the House of Lords Economic Affairs Committee questioned the independence of the Bank of England as they continue to buy up government debt. Alistair Darling was amongst those participating, where the question was raised about whether the banks remit needs to change to include a target on employment. Phil Dobbie talks through what happened at the committee yesterday, and asks whether we’re actually seeing the adoption of Modern Monetary Theory by stealth.

Australia’s growth, China’s warning

Calmer markets today, although commodity prices are rising which, along with the RBA messaging yesterday, helped the Aussie dollar back above 78 cents, says NAB’s Ray Attrill on today’s Morning Call podcast.

Preparing for the sunny uplands?

Today Berenger’s @KallumPickering reflects on the volatility in the markets last week. It’s largely good news as enthusiasm grows for a return to the sunny uplands later this year. But will it happen according to Boris Johnson’s schedule?

RBA buys up ahead of today’s meeting

Even though bond yields have stepped back, they are still much higher than at the start of the year, says NAB’s Tapas Strickland. Meanwhile lower interest rates for longer, the mantra of central banks everywhere, is pushing housing higher, particularly in Australia.

Hobson’s Choice – Five stocks to consider

Today Rodney Hobson gives his five top share picks, will we keep to Boris’ lockdown schedule and Trump is back, but the script hasn’t changed.

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