Ok. Ugh, that old potato. On that spectrum I'd repeat, IF Covid and Ukraine hadn't impacted, who's to know what might be the result? It might be the same or worse or much better; we can't know. It's a bit like saying that Brexit was the cause of ...

Lagarde: Monetary policy in a new environment

Is this a response to my entry? If so I'm not sure I achieved the prompt for debate I was hoping for. I wish to make it clear I wasn't making anything of any political party, left, right or whatever. Just that I see productive capitalism on the ...

Lagarde: Monetary policy in a new environment

I'm going to go out on a limb here for a moment and be controversial: it lies at the heart of what the masses think of their relationship is with government and, to a degree, the consequential health of democracy, in the light of majority ignorance ...

Lagarde: Monetary policy in a new environment

Oh? No, I hadn't. I've been quite distracted by other matters this week. M&M's are just fine, thanks. I hope Y&Y's are.

Unemployment insurance weekly claims

No, Ross, you've not missed anything. My error by not having edited my script properly before sending, when distracted. Yes, the Philly is somewhat unpredictable but I just thought a figure at nearly 20% was still something of a surprise. Maybe I ...

Unemployment insurance weekly claims

I'm not one for conspiracy theories but such a divergent figure for the Philly Fed Manufacturing Index, so soon after the mid-terms? Wow.

November 2022 Manufacturing Business Outlook Survey

I'm not one for conspiracy theories but such a divergent figure for the Philly Fed Manufacturing Index, so soon after the mid-terms? Wow.

Unemployment insurance weekly claims

Don't belittle yourself. I'd say your entry is a fairly good, broad assessment. Focused on the figures themselves for a moment, I'd add that although the figure is 11.1%, which compared with a year ago is eye-watering, the monthly increase in the ...

Consumer price inflation, UK: October 2022

And the effect is not only on the USA. Global inflation will also decrease as a result of other currencies strengthening in relative terms. Not enough for Risk-On but a huge sigh of relief to other CB's around the globe, I imagine.

Consumer Price Index - October 2022

Bearing in mind Xi's order to the Military, how will lockdown mix with that? Or are the Chinese military personnel all super-human and not able to contract Covid?

China's top leadership urges to stick to covid zero policy - Xinhua

This always intrigues me. It's like the statement of "what's fair". One person's "fair" is another's dynamite and it's broadly subjective. The way I see economics is that it exists as a spectrum. At one end of the spectrum is a neo-liberal, no ...

BOE's Pill: Gas price increase is a big shock for the UK economy

There are lots of points for debate held within those statements. Focusing on just one: "Classical Economics"; what's that?

BOE's Pill: Gas price increase is a big shock for the UK economy

Generationally, yes, but not tomorrow.

BOE's Pill: Gas price increase is a big shock for the UK economy

This should keep the Talking Heads busy for the next decade.

Debt rules in Europe are changing. And that could have big repercussions in the bond markets

I've felt for a long time that if the BoE Interest Rate was always priced at (Inflation + X%), inflation wouldn't get entrenched and productivity would improve, resulting in sound money and a more prosperous future. But maybe that's too simplistic. ...

BoE’s Pill: If We Keep Bank Rate at 3%, Inflation Would Be a Little Too High in 2 Years,...

I wonder if she uses the same figure for "high inflation" and the same timeline to establish "entrenched" as normal onlookers and assessors? (A Rhetorical Q) As she has more resources to hand to analyse the data in real time than the rest of us, how ...

ECB's Lagarde: We must not, and will not, let high inflation become entrenched

You could be right but I'm not sure that the global market will be convinced by that. To make a real difference for GBP I suspect the rate hike probably needed to be larger then the FED's to 'show real intent' and really the nominal interest rate ...

Bank Rate increased to 3.00% - November 2022

I'd agree that any Y/N referendum doesn't cope with all the shades of grey but to deconstruct that is then to decompose the very essence of democracy as we have it. It couldn't be simpler than a Y/N to the question of in or out, one part or another. ...

Brexit: Northern Ireland Protocol bill continues amid election uncertainty

Ross, I do genuinely enjoy your entries as you always apply thought, research and evidence. So, you always deserve respect, always. My previous entry was NOT a question of who is right or wrong and was not what I was opining. I was making a point ...

Brexit: Northern Ireland Protocol bill continues amid election uncertainty

Ah, yes, but I don't have rose-tinted glasses when it comes to evaluating politicians at work. The UK leaders had many faults and still do but it is not a unique feature, of only one country or group. The EU is not a virtuous institution and has ...

Brexit: Northern Ireland Protocol bill continues amid election uncertainty