The markets continue to respond to Fed Powell’s ‘transitory’ remark on low inflation yesterday. I ask NAB’s David de Garis whether that means we’ll see wages pick up in the non-farm payrolls?
The floating of currencies has created a massive forex industry. @ProfSteveKeen says it has made life harder for speculators, which is a good thing, but the world missed a trick when it ignored Keyne’s idea of the Bancor. https://t.co/NJDPcI33JI