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.
Finance
Varsha Torgalkar: India’s gig economy is failing women workers
There are an estimated 15 million gig workers in India, of which less than 10 per cent are thought to be women. Read Here
Climate Crisis
DeStatis: German Electricity production in the 3rd quarter of 2022: coal-generated electricity up 13.3% on the same period a year earlier
This is the German Green’s idea of a clean energy transition. More than a third of the electricity produced in Germany comes from coal-fired power plants Electricity production from natural gas up 4.5% despite high […]
Economics
Destatis: Euroarea Industrial production stagnant for the past 14 months
The press releases at Eurostat always try to put a positive spin on its articles. This one is no different, but if you look closer – see chart below – you will see that since […]
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