Thursday 3rd February 2022
You could say it’s the best of times and the worst of times, with a rampant jobs recovery tempered by high inflation. Certainly, two central banks have a different perspective on the underlying economic strength. As NAB’s David de Garis discusses on today’s podcast, the Bank of England are expected to raise rates today, whilst the ECB will continue to sit on its hands with Christine Lagarde, only yesterday, continuing to argue that inflation is temporary. Meanwhile, yesterday the RBA’s Philip Lowe finally admitted that a rate rise this year was plausible. Overnight we saw staggering earnings results from Google and disappointing jobs data in the US. Omicron almost certainly contributed to both of those outcomes.
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Top 40 Business Tips #28: Sell Online and Through-the-line
When it comes to eCommerce Australia is a few years behind the US and the UK. It’s unimaginable that some major retailers — such as Harvey Norman — don’t even provide an opportunity to buy online.
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Equities bomb as investors are reminded of inflation
People are feeling the pinch as inflation rises. We’re seeing how headline inflation hits consumer staples and discretionaries says NAB’s Ray Attrill, as major US retailers warn of falling margins.
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Free markets through subsidy
The need for subsidies is an admission that free market forces cannot operate unchecked. I ask @profstevekeen how you can ensure subsidies are applied effectively and fairly.
