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
Labour Heartlands: EU Parliament picks Guy Verhofstadt for ‘New President’ role to set the future of the EU
An absolutely fascinating article. Not to be overseen, besides the ultra-neoliberal, anti-democrat Verhofstadt all the EU politician named for future prominent roles are German (Yes, David McAllister is also a failed German politician in need […]
National Politics
Iain Boyd: How Hamas’ Rockets Got Around Israel’s Iron Dome Air Defense System
Israel was caught off guard by a large-scale missile attack by Hamas, the Gaza-based Palestinian militant group: an analysis Read HERE Iron Dome System – Photo: Israel Defence Forces/Public Domain
Economics
German Foreign Policy: EU launches new Latin America offensive – against Russia and China – with a new Latin America strategy and the Commission President’s trip to the subcontinent.
With a new Latin America strategy and the Commission President’s long-announced visit to four countries of the subcontinent, the EU has launched a new Latin America offensive. The strategy is intended to make up for […]
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