The market is very brittle today, says NAB’s David de Garis, with no clarity on when inflation will peak, how much is supply side and how far central banks will have to go. Add China’s lockdowns and the war. In short, a world of worry.
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
A quiet session, with no bad news giving a refocus on the Fed and other central banks. JBWere’s Sally Auld says we shouldn’t discount further systematic uncertainty as rates rise. https://podfollow.com/nab-morning-call
