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.
Solutions
Daniel Kopp – When Belgian University Cleaners Swept Out Their Boss
‘Fifty years ago, women cleaners at a Belgian university went on strike, then set up their own cooperative called the Liberated Broom. A new film shows how they kicked out the boss, starting an experiment […]
Economics
Adam Tooze – The Normal Economy Is Never Coming Back
The latest U.S. data proves the world is in its steepest freefall ever—and the old economic and political playbooks don’t apply. Read here
Economics
PRIME: T. Sabri Öncü – Why are the long-term US Treasury yields falling?
First, let me answer the question in the title: I do not know because, according to conventional theories, when the realised and expected inflation rates are as high as they are in the United States […]
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