Banks develop speculative bubbles because they have risk mitigated by government bailouts. I ask Steve Keen how we change the behaviour of banks, so they lose out on risks, rather than holding the economy to ransom.
The markets have signalled their expectation for the outcome of the May leadership vote – listen to NAB’s Gavin Friend on The Morning Call. Plus, is China set to open market access for foreign firms?
Markets pulled both ways on conflicting news from the US – NAB’s Rodrigo Catril talks to me about the lowering of car tariffs and the threat of a government shutdown.
Weaker than expected US payrolls data saw a swift market reaction on Friday. NAB’s Ray Attrill says it has filtered through to the Aussie dollar this morning at the start of what looks set to be another choppy week.
No consensus at OPEC, a Huawei arrest and a weakening economy all impact equities and bond yields – but NAB’s David de Garis wonders whether the market mood actually reflects how the US economy is travelling.
Markets are buoyed by China’s optimism on a trade deal, whilst legal advice might have put paid to Theresa May’s Brexit plans. I talk to NAB’s Ray Attrill ahead of the OPEC meeting, and the day after those Aussie GDP numbers.
Sentiment losing ground as yield curves flatten further. I ask NAB’s Rodrigo Catril whether this is a cause for concern. Plus, bad news for Theresa May and President Trump calls himself the tariff man.
Theresa May survives, positive housing data in the US, equities up, but why was the Aussie dollar down? I talk to NAB’s Ray Attrill: https://t.co/50nrbm6nUj