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.
Corruption
Prem Sikka: There’s a grimly familiar Story behind Thomas Cook’s Collapse
The holiday provider’s collapse highlights corporate governance and regulatory failures while the gravy train for directors continued. Read here
Aviation
Climate Home News – Airlines could get Free Pass on Climate for Five Years under Industry Proposal
The industry is lobbying to rewrite the rules of a UN aviation pact, in a move researchers say would remove pressure to invest in clean flying technology Read here
Economics
Steve Keen: Being Economical with the Truth – An Intellectual Biography
” I first published this very incomplete book on November 28th 2019–for reasons that will become obvious if you read the attached PDF. I have added just a few more details in the subsequent two […]
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