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
DIW: Make the European Green Deal Real –Combining Climate Neutrality and Economic Recovery
We normally do not link to extensive reports, but this one is special, as it is a holistic approach to the energy transition away from fossil fuel. Definitely take the time to read the Executive […]
Austerity
The Guardian – The Open University: issues, not just personalities
The message concerning the UK University Strike seems to be slowly but surely sinking in. For this we have only the very hard work that the strikers have invested in making the facts and their […]
Energy
Balkan Green Energy News: Energy crisis triggers new coal projects in Republic of Srpska, Serbia
Europe’s efforts to reduce its reliance on Russian gas have resulted in a revival of electricity generation from coal. Read Here Photo credit: Alicja from Pixabay
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