The FOMC minutes did little for cautious markets. NAB’s Gavin Friend says the outcome of the ECB’s Strategic Review should hold more interest.
Big movements in bond yields. NAB’s Gavin Friend says there’s an expectation that more central banks will move rate rises forward. Including the RBA? https://t.co/tFr4LHGKNg
The floating of currencies has created a massive forex industry. @ProfSteveKeen says it has made life harder for speculators, which is a good thing, but the world missed a trick when it ignored Keyne’s idea of the Bancor. https://t.co/NJDPcI33JI