The last day of treading water
Despite lots of data for markets to chew over, they are looking for a directional lead from non-farm payrolls, says NAB’s Gavin Friend. Whether they’ll get it or not is the question.
Day: 1 July 2021
Dog Days and Hot Bonds
Soaring temperatures in the US and Canada this week are another reminder of climate change. Christine Lagarde says the EU needs to spend €330 billion every year tackling the problem, but where does the money come from? Do governments create it, or do we divert existing money to green initiatives? Question I put to @ProfSteverKeen on this week’s Debunking Economics podcast.
THE TWITTERATI
It seems @apple is not always quic to update the NAB Morning Call podcast. I fyou are on @SpotifyAU go there - it;s quicker: https://open.spotify.com/show/3MjUGlfozyxNDXdtMlfdxp
To what extent will a more hawkish Fed see the RBA pushing further this year. JBWere’s Sally Auld speculates on today’s Morning Call. https://shows.acast.com/morningcall/episodes/will-the-rba-join-the-push-to-go-higher