Whacking more tariffs on Chinese goods won’t solve anything
The US and Europe risk a serious bout of inflation if they carry on down the same path.
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The US and Europe risk a serious bout of inflation if they carry on down the same path.
Risk asset markets and bonds are bullish about the prospect of rates imminently heading south.
The country’s already vast debt pile is set to keep on climbing, far beyond any previously recorded level.
By insisting they are “data dependent”, central banks are firing blanks.
The overall picture of the markets has changed little over the last month. All that has changed is how traders and investors are interpreting what they see.
The longer time goes on, the less likely a deep US recession looks. Yet the huge, consumer-driven rebound anticipated in the Chinese economy has failed to materialise.
Despite vastly differing predictions, the US has maintained strong growth in a volatile world and that shows no sign of stopping.
Our economies – it applies not only to the UK – are riddled with businesses which have overborrowed and never provided for tougher times.
Central bankers love to tell us that their rate decisions will be “data dependent” even though there is often so much conflicting data available.
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