Will banks ever behave?
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.
AUDIO
Podcasts and other audio content from Phil Dobbie
Tories vote on May’s leadership; China to open up market access to foreign firms
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?
China Car tariffs reversed and a government shutdown – mixed news from the US
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.
The November NAB Business Survey
The latest NAB business survey shows further weakness in business conditions. NAB’s Ivan Colhoun talks through the findings.
Pound pummelled as May delays
Theresa May backs off from the vote on her Brexit deal. I talk to NAB’s Tapas Strickland about how it was felt in the pound. Plus, why is oil back on the slide?
Weak jobs data, trade tensions and a Brexit to nowhere
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.
Markets dive on Huawei arrest and OPEC indecision
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.
China’s Q&A, May’s legal advice and Australia’s GDP
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.
Who’s next for a debt crisis?
Steve Keen says we’re already seeing the consequences of the fall in Australian house prices. But will it lead to a recession? Could the consequences really be called a crisis, or will the economy absorb the shock?
Flatter curves, the Tariff Man and a government in contempt
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.
THE TWITTERATI
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
Theresa May seems to think it's everyone else's fault. Interesting approach.