NAB – The Morning Call · The battle to be king of the doves
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The battle to be king of the doves

By phildobbie — 2 years ago

Thursday 25th February 2021

As the reflation trade continues to push bond prices lower and commodities higher, central bankers are fighting amongst themselves as to who can sound the most dovish. That’s helping push equities a little higher this morning. The Fed’s Jerome Powell and BoE’s Andrew Bailey were both in front of parliamentary committees overnight, each suggesting rates would stay low and any rising inflation was transitory for now. NAB’s David de Garis says the RBNZ was toeing the same party line, suggesting the outlook remains highly uncertain. Today the weekly claims numbers for the US will highlight the strength (or otherwise) of the jobs recovery. By the way, for those who think this is ridiculous title for an episode, doves do fight each other, sometimes to the death, but normally when they are tyring to impress hens, not water down inflationary fears.

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Host of The Morning Call, The Why? Curve & Debunking Economics. Mildly amusing. Shares birthday with Trump, Boy George & Che Guevara, few days older than Boris.

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phildobbie Phil Dobbie @phildobbie ·
5h

I just don't understand my Google account anymore. I have an account for my email, now I'm out of storage although I signed up to Google One as well, possibly for a personal account, my corporate account won't work with my Google speaker. Seriously @Google it's a full time job!

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phildobbie Phil Dobbie @phildobbie ·
22h

Despite attempts to sound hawkish, NAB's Gavin Friend says three central banks (the #Fed, #ECB and #BoE) this week have failed to convince #markets . https://shows.acast.com/morningcall/episodes/we-dont-believe-you

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