Downturns, mid-terms, no u-turns
US equities keep rising despite no great news on the economy, anywhere. NAB’s Ray Attrill says mid-terms are having a positive impact. There’s also the hope that lower producer prices from China will temper inflation, if their exports pick up.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Wednesday 9th November
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US equity markets have switched from being upbeat about the prospect of an end to China’s zero COVID to being upbeat about the outcome from today’s mid-term elections. NAB’s Ray Attrill also talks about the differences between Australian consumer and business sentiment and why the business outlook always seems a little rosier. He also discusses how one central banker at least reckons a recession will increase inflation, whilst there’s some hope that falling producer prices from China today might dampen inflation expectations a little, as more cheaper goods are shipped around the world. And Donald Trump has announced he will be announcing something important. Any idea what that might be?
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