Friday 17th June 2022
The positive reaction to yesterday’s FOMC market was short lived, with a much softer US dollar this morning and big falls in equity markets. NAB’s David de Garis says some of the uncertainty comes from a surprise decision by the Swiss National Bank to lift interest rates for the first time in 17 years – and not by a little bit, but by 50 basis points. It’s unsettling for those who assumed they’d wait for the ECB before reacting. By comparison, the Bank of England went for a 25 basis point rise, exactly as expected, but suggesting they will act forcefully, in necessary. Just not yet. Data overnight was largely second tier, but none of it was particularly encouraging. We also takea quick look at yesterday’s Australian employment numbers too.
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Corona is not the Zombie Apocalypse.
Is Corona as bad as we think it is, or worse. Or somewhere in between? Balls Radio isn’t quite sure, on this and so many other things.
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Copyright protection without the court action
Will new business models cut down the amount of people breaking the law, reduce the market for pirates and remove the need for litigation?
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What should Trump do about China?
President Trump has accused China of currency manipulation. The low value of the Remnimbi certainly helps them sell more and add to the US trade deficit.
