That is really rather a mess as we know it rallied into the 132s. Anyway this leads me to my first two thoughts. Number one is that inflation levels will fall as we head into 2023. But care is needed with that because as we stand that simply means that prices will rise more slowly rather than actually fall. Also in Europe a lot of the trend depends on government intervention in energy prices as any halt to that will push inflation back up again. Number two is that we start it with trends for the Japanese Yen look much better. The caveat here is that the carry is against you as short-term US bonds yield about 4% more so the moves are likely to be knee-jerk and patchy like we saw earlier this week.
EU politics
Reuters: Orban on track for crushing victory as Ukraine war solidifies support
Orban wins big. Poland is now the hero in the EU. What is wrong with the EU liberal democrat political class? Read Here Photo: European People’s Party licensed under the Creative Commons Attribution 2.0 Generic
Climate Crisis
Arc: EU Not Doing its Sustainability Homework on Mercosur
An inquiry by European Ombudsman Emily O’Reilly has found that the European Commission should have concluded an updated sustainability impact assessment before signing the EU-Mercosur trade deal. But will this be enough to stop national […]
Geopolitics
The Cradle: Israel destroyed over 1,500 buildings in Gaza since start of ceasefire
New satellite images show that Israeli demolitions have wiped out entire neighborhoods in less than a month Read Article HERE Photo: Palestinian News & Information Agency (Wafa) in contract with APAimages Licensed under the Creative Commons […]
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