2023

In this week’s French Letter, Walter says good riddance to 2022 from his sofa.

2023 threatens to be the year when socio-economic models find themselves in need of being fundamentally recalibrated.

How much attention did you pay to the news this year?

We will be back on 3 January.

Mr Inflation will not be brought to heel by central banks but instead by Mr Recession. Meanwhile, Elon Musk’s Teflon coating may well peel off.

Panellists at the Price of War conference this week probed the defining events of 2022 – and were cautiously optimistic about the future.