Day: 13 April 2022

Big hikes, more inflation, but bonds settle down

Despite big rises by RNZ and BoC bond markets are taking a breather, says NAB’s Gavin Friend, which has given a reprieve for stocks. Yet there are numerous indicators suggesting inflation is only going to get worse, although could it be topping out in the US?

Feedback loops kill the equilibrium fantasy

Conventional economics rests on the belief of that there’s some sort of equilibrium. Steve Keen explains why this ignores the role of feedback loops, that can move prices and demand in all sorts of directions.

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