It’s a day of mixed emotions, says NAB’s Rodrigo Catril, with equities heading in opposite directions on each side of the Atlantic. COVID19 news is mixed too – there are glimmers of hope but the timescale may be longer than many had hoped.
The response to Scott Morrison’s job retention stimulus, plus the influence of month-end on a rally in equities. NAB’s Ray Attrill makes sense of today’s market moves.
There were further big falls in equities on Friday despite President Trump signing his $2 trillion stimulus package. NAB’s Rodrigo Catril says there is growing concerns about how long economies will be shut down for.
On this week’s Debunking Economics podcast I talk to Prof Steve Keen and Nick Hanauer about why the western world is so slow to respond to the spread of the Carona virus, and whether we’ll repeat the mistakes once its gone?
An unprecedented spike in US jobless claims, yet equities rise sharply too. NAB’s Gavin Friend explains all hopes are now on the stimulus and hopes a recession will be short and sharp. But where’s the evidence?
With markets unsure where to head next, NAB’s Gavin Friend examines the COVID19 response in Europe, UK and the US, and the problems they are having.
Rishi Sunak seems to be ignoring the simple answer for the self-employed, An answer so simple even Donald Trump gets it.
Shares are on the rise on the hope of a US stimulus deal. NAB’s Rodrigo Catril says the slowing death rate in Italy will also be providing some encouragement.
The Fed launches QE infinity, but Congress fails to pass a stimulus deal. NAB’s Ray Attrill examines the market reaction on a morning that the WHO warns that the virus spread is accelerating.
The US President seems to be blaming the Chinese for creating the virus and putting responsibility on the State Governors to fix it. So what’s his job, again?
In the Thirties the Chicago Plan proposed that banks had no part in money creation. Good idea or bad? Me and @profstevekeen on this week’s Debunking Economics podcast https://podfollow.com/debunking-economics-the-podcast
A quiet session, with no bad news giving a refocus on the Fed and other central banks. JBWere’s Sally Auld says we shouldn’t discount further systematic uncertainty as rates rise. https://podfollow.com/nab-morning-call
