COVID, China, mining, climate change – Steve Keen with predictions of what 2021 has in store for us.
Another $1 trillion stimulus is about to be added to the US economy. I ask Steve Keen if all this extra spending could come back to bite us?
It’s right to the wire for the US fiscal stimulus and the UK-EU trade deal. NAB’s Gavin Friend says both will get across the line – at least the markets are priced that way, but the clock has got much further to tick.
News of an imminent fiscal stimulus deal in the US has offset the market downturn from grim retail numbers in the US, says NAB’s Gavin Friend. He also talks to Phil Dobbie about this morning’s Fed meeting.
A possible Brexit deal? Positive news says NAB’s Rodrigo Catril, but we still need to be cautious. There’s greater hope that a fiscal stimulus deal is close in the US.
GDP in Q1 1.5% down on Q4. Hardly surprising given the lockdown. The economy is still 8.7% smaller than just before the pandemic, whereas US GDP is close to where it was, thanks to massive government spending.