US CPI today; all jabs are not equal
All eyes will be on US CPI numbers today. The Fed has made it clear any rise is expected to be transitory, but NAB’s Ray Attrill says a higher surprise could see markets challenge that theory.
Day: 12 April 2021
Yellen’s global tax is a non starter
Janet Yellen wants the world to agree a universal rate of corporate tax. Has she got a cat in hell’s chance of making any headway? No way says @profSteveKeen on this week’s Debunking Economics podcast. But would it solve anything anyway?
Cyclical Thinking: Cyclical Thinking
This morning @RodneyHobson on cyclical stocks and kick starting your new ISA year. Plus Greensill and Liberty Steel. And the retail bounce back starts today.
THE TWITTERATI
In the Thirties the Chicago Plan proposed that banks had no part in money creation. Good idea or bad? Me and @profstevekeen on this week’s Debunking Economics podcast https://podfollow.com/debunking-economics-the-podcast
A quiet session, with no bad news giving a refocus on the Fed and other central banks. JBWere’s Sally Auld says we shouldn’t discount further systematic uncertainty as rates rise. https://podfollow.com/nab-morning-call