The RBA might make up for the shortfall in RBA’s bond buying at the start of the week, says NAB’s Tapas Strickland on today’s Morning Call podcast. Powell says the US rise in yields was to do with strength of the recovery rather than inflation concerns.
Government’s are overly optimistic at the speed of an economic bounce back, says @profstevekeen, because they are ignoring the impact of profoundly high levels of debt.
Lockdowns, Scotch egg, more on Facebook, inflation worries, and
CIP’s Ben Willmott on the Uber driver ruling. That’s more than enough for one show.
Markets are optimistic despite slow retail sales, lower consumer confidence and rising inflation expectations. NAB’s Rodrigo Catril says there’s an acceptance that much of these are short term effects. https://t.co/mk8X8viEMv
