Day: 3 June 2021

Taper torment with more calls for Fed to take their foot off the pedal

A strong payrolls number tonight could push market expectations for a speedier move to tapering. But NAB’s Gavin Friend says market moves could quickly unwind if the Fed doesn’t change its position next month.

Relative values

Economic principles suggest price is the best indicator of value. But, as discussed with Steve Keen, everyone has a different concept of value, determined by how much money they’ve got.

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