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.
Economics
DeStatis – German Recession: Exports to non-EU countries in February 2024 minus 4.5% year on year
Exports to third countries (calendar and seasonally adjusted exports of goods), February 2024 59.4 billion euros +0.3% on the previous month -4.5% on the same month a year earlier Exports to third countries (original values, […]
Economics
Jerome Roos: Rentier capitalism does not come with a reset button
Monopolisation, profit without purpose and social corrosion are not accidents – they are inherent, and ever more pronounced, factors of the system itself. Read here
National Politics
France 24: UK court rules against government’s plan to send asylum seekers to Rwanda
This will not stop the EU from doing the same. Read HERE
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