When is a recession not really a recession?
NAB Morning Call
00:00
Introduction
When is a recession not really a recession? The answer well, when it's now. It seems the us. Has recorded two quarters with negative g d p. So not a recession, but enough to get a strong response in the market including big rise in equities. I will also look at australian retail sales yesterday, a higher than expected inflation number in the treasurer's forecast as well. In fact, inflation going up in germany as well. Just where is the peak and how much of a down tell will we have to see first before we reach it. But hey, equity markets are very happy. And why this positive reaction that wee we've seen ties to day
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