The UK is stuck in a dogfight between prices and wages
Bank of England’s Bailey still expected to give a clear kick to rate increases.
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Bank of England’s Bailey still expected to give a clear kick to rate increases.
The pandemic allowed everyone to live in a state of economic delusion. Now, the reality check is chastening.
Detroit’s big car makers are holding out for a huge pay increase which, if it goes through, would upset attempts to drive down inflation.
The question now is whether demand-side inflation is still rising which means inflation will stay high for longer.
As the US markets return from the summer lull, on the agenda are the new geopolitical world order, persistent inflation and the problems with investing in emerging markets.
Fed boss Jerome Powell likely to stay happy with rates where they are but will tighten if data changes.
Financial crises escape control when liquidity dries up and any meaningful relationship between price and value is lost. Human intelligence can fix this – AI can’t.
As former ECB boss Juncker said, we all know what to do but don’t know how to get elected when we have done it.
What happens next? The central banks are out of ammunition, the governments are out of ammunition and soon we will be too.
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