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
The Times says the government is struggling with what to do with a windfall tax if they had one. One option they reckon is to reduce the cost of energy. Which of course helps everyone, but richer higher energy users would be the biggest beneficiary ...
No bounce in equity indices today, says NAB’s Taylor Nugent. It’s all down to growing concerns about a US economic slowdown. Like Cisco’s profit downgrade, for example. Plus the lowdown on yesterday’s Aussie employment numbers. https://t.co/aGBhCkChFv