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.
Climate Crisis
Simon Wren-Lewis: How BBC balance and bad think tanks discourage evidence based policy
The United Kingdom is waking up to a serious problem: Not only are their media hopelessly biased in its support of reactionary politics, but they are using think tanks that are being paid by the […]
Geopolitics
TASS: Search for compromise, confidential discussions: Kremlin hosts Putin-Witkoff meeting
According to Russian Presidential Aide Yury Ushakov, the parties have not yet reached a compromise on a peace plan for Ukraine Read HERE © Kristina Kormilitsyna/POOL/TASS
National Politics
Thomas Piketty: A Queen with no Lord?
With the death of Elizabeth II, it is tempting to talk about the immutability of British institutions, in contrast to France and its many revolutions and constitutions. In reality, things are more complex, and the […]
Be the first to comment