Trillions in stimulus thanks to a blue wave? NAB’s Ray Attrill talks about the impact on bond yields and equity markets. The first Morning Call of the year with a catch-up on what’s been going on.
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.