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
Is ECB planning prison in its headquarters for Board of Governors?
Two members of the European Central Bank Board of Governors are being investigated for corruption: Yannis Stournaras of Greece and now Ilmars Rimsevics of Latvia. Both are heads of their nation’s central banks. Maybe the […]
National Politics
Simon Wren-Lewis: Why nationalisation can be a gift to a future Conservative government
If an incoming Labour government were to renationalise various badly-performing UK industries, the next Conservative government would take great pleasure in privatising them again. In other words, Labour, don’t waste time and money. Read HERE […]
Corruption
T. Sabri Öncü: To Loot or Not to Loot? How Public-Private Partnerships Harmed Turkey
Without the debt and income guarantees provided by the Turkish government, many of the Turkish PPPs cannot survive bankruptcy. Read Here Photo with thanks to https://pxhere.com/en/photo/661535
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