MMT suggests governments can spend until we reach full employment. But does that work in smaller countries with a trade deficit?
A quarter percent rate cut is expected from the RBA today. NAB’s Rodrigo Catril explains why, as well as examining the sharp fall in the Kiwi dollar and bad news expected from Japan today.
US CPI numbers came in much higher than expected, with a swift market reaction. NAB’s David de Garis says the bond market reaction has been mature, but you could argue that the equity market has overreacted. Listen to why: https://t.co/UbdAjb9zja