Hope springs eternal, well, for today anyway
Markets have jumped away from bear territory as Joe Biden talks about easing tariffs with China. Hardly enough for such a significant turnaround surely? Will the optimism last?
Markets have jumped away from bear territory as Joe Biden talks about easing tariffs with China. Hardly enough for such a significant turnaround surely? Will the optimism last?
Are we on the verge of stagflation?ProfSteveKeen says, yes we are, but this time it’s different and less easy to fix. Certainly it can’t be solved by central banks.
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