Wry & Dry #11-25 State of the art. Interest rates. No Minister.
If one wishes to simultaneously give the ultimate DCM to some 3,000 warriors, a knife won’t do the job. Unless it’s done one at a time. Even then it’s inefficient. Julius Caesar had at least seven Senators plunge their knives at total of 23 times into him. That’s poor productivity.
Mass poisoning is also possible. It was popular back in the day. But, again, inefficient. A food-taster, in a reluctant but doubtless well-paid profession with good superannuation, had to be dealt with. Claudius’ taster must have had an RDO as his wife piled the toxic mushrooms on his plate.
What interest rate cuts in the US might mean for Australia
The biggest economic news of the week was not in Australia. In the spirit of the hype associated with interest rate decisions of the GFC and those surrounding Covid 19, commentary by Federal Reserve Chair Jay Powell was once again vital to market sentiment and the future direction of economics around the globe.
Although foreshadowed by others and market reaction earlier in the week, the decision to reduce rates for the first time since Covid-19 will have a significant impact on Australia in due course.
Plus, this week, Craig discusses some interesting new research on Newmont mining and results from Emeco and Catalyst Metals.