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.
Related Articles
Eurostat: Germany burning 45% of Lignite in EU
Germany is mistakenly regarded as a leader in fighting CO2 in the EU. In reality it uses almost half the lignite employed in the EU for energy production. Read here
VOA News: EU Says Croatia Ready to Adopt Euro Currency in 2023
The European Commission said Wednesday that Croatia had met all the criteria to join the eurozone, paving the way for the country to become the single currency’s 20th member on January 1. Read Here
ITV: ‘Why so generous?’: Inside Italy’s scheme offering huge subsidies towards low-carbon eco-homes
October 22, 2021
Mathew D. Rose
Climate Crisis, Energy, Environment, EU politics, National Politics, Sustainability
0
Italy’s government is encouraging households to convert their living spaces into eco-homes by covering 110% of the cost Read here A worker operates at a construction site in Milan, Italy. Credit: AP
Be the first to comment