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
Sven Giegold: Commission Proposal on Company Law: Promotional Programme for Tax and Social Dumping in Europe
Wasn’t the EU being reformed? The question is for whose benefit? It looks like the same old EU policy of serving the interests of corporations at the cost of its citizens. Read here
Finance
Labor Notes: How Amazon Workers Are Organizing for the Long Haul
Amazon logistics workers have won much attention for organizing during the pandemic. Read here
EU politics
Kalwinder Sandhu: It’s no surprise that black and Asian women are hit hardest by austerity
In no nation Europe are the effects of austerity so well documented as in Britain – not that they are necessarily worse than in other parts of Europe, but simply not being reported. At BRAVE […]
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