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.
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.
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
People are feeling the pinch as inflation rises. We’re seeing how headline inflation hits consumer staples and discretionaries says NAB’s Ray Attrill, as major US retailers warn of falling margins. https://t.co/YOdbDKIv4Q
