Tuesday 20th September 2022
It was a quiet session overnight with the UK on holiday and a fair bit of attention on a funeral service in London. Nonetheless bond yields continued to push higher. JBWere’s Sally Auld says markets have priced in rate rises this week of 80 basis points in both the UK and US, meaning there’s some chance the hike will be more than 75. ‘Keeping at it’ was the title of Paul Volcker’s book and that seems to be the Fed’s philosophy right now – and for other central banks, Japan and China excluded. Canada’s inflation numbers today will give us a good indication of whether going hard and going early helps contain inflation any quicker.
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A Euro Exit Would Help Greece’s Herculean Debt
Adam Creighton says Greece should default now before the situation gets even worse – leaving the Euro and devalue its currency to attract investment.
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Too much information
Economics works well in principle apart from the bit about us having perfect information on products available. Me and Steve Keen on this week’s Debunking Economics podcast.
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Convergence: more than meets the eye
The government has launched an investigation into convergence, but its focus is on the impact of the internet on the media industry. Why has it singled out one industry?
