Month: October 2020

Risk off mood as virus cases rise, Lowe’s dovishness hits bond yields

Economic activity is being constrained by the virus upsurge in Euriope and US says NAB’s Gavin Friend. That’s caused a strong risk off mood today.

Trump talks it up. Will Lowe talk it down?

NAB’s David de Garis talks through what to expect from Philip Lowe’s speech this morning, President Trump’s upbeat performance overnight and more Brexit dither and delay.

The Aussie Coal Ban and Earnings Caution

The Aussie dollar is down. NAB’s Rodrigo Catril says it took two hits – first the reports of a ban on Aussie coal by China, secondly, caution from the US as the end of stimulus hopes sink in.

Barrett Trumps Stimulus on Columbus Day

US equities rise despite the fall in stimulus hopes. NAB’s Ray Attrill short of answers for once. The Aussie and NZ dollars fall with the Renminbi as PBoc measures take hold.

Who can create money to fight COVID?

QE doesn’t help expand the money supply, says Prof Steve Keen. The only way to help the economy is to expand government spending. Here’s why.

US dollar sinks along with Trump’s hopes

The US dollar is down as Trump’s victory hopes weaken. NAB’s Tapas Strickland says the Chinese Yuan has also been buoyed by hopes of a Biden win.

Markets cling on to stimulus hopes, but maybe after a Biden victory

Markets still clinging to hopes of a US stimulus deal, but it won’t happen till next year says NAB’s David de Garis. Plus NZ zero interest rate expectations reignited.

Markets bounce back on piecemeal stimulus hopes

Market sentiment turned by hope of a piecemeal stimulus deal, but NAB’s Taps Strickland wonders whether the Democrats will play ball. Plus, are the Australian government’s growth forecasts too optimistic?

Markets take a hit as Trump ditches stimulus talks

President Trump ditches stimulus talks. NAB’s Rodrigo says there’s been a swift market reaction, but is Trump bluffing?

A rebirth of localism

Wealth in UK is very concentrated in the southeast. How do we make it less so? I discuss local banking, administration, politics, and money with Steve Keen.

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