US equities fall in the US. NAB’s David de Garis says a rise in new jobless claims has acted as reminder of how sluggish the employment recovery is. Meanwhile the pound is gaining strength as markets wait to hear Boris Johnson’s escape plan from the UK’s lockdown.
Has the Facebook saga in Australia demonstrated that social media players yield too much control? Or ha sit demonstrated that the media needs to be smarter about how it monetises content? I don’t exactly see eye to eye with @Profstevekeen on this.
Government debt was rising well before COVID. Does this signal a need for tax reform, if so how? The @FT’s @martinwolf_ on today’s I’s the Business podcast.
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.
