The current thinking is that there will be no rate-cut on 1st August. Wage inflation is still running high as are some other metrics. I guess that it depends whether the MPC has an ear for hints from the new government.

"delusion" is one of the happiest of states of mind

BRICS is still a nascent organisation

At the moment the €uro is not under threat. There is no reason for immediate concern unless the ECB et al decide they will not trade RMB or other BRICS currencies. However the alternative will slowly arise from the BRICS consortium although it is ...

.. or even that it might have been a.o.government or institution dumping US treasuries and buying Japanese for their own reasons.

Have you watched any of the Indiana Jones movies? Besides the extensive stretching of belief there are some interesting protective structures which are triggered by the release of supporting sand contained within elaborate structures, So it is with ...

So the "Bernanke and Blanchard" model is conveniently employed to avoid admitting that nobody looked out of the window... After the pandemic there was a shortage of skilled labour, specifically large goods vehicle drivers, notably the skilled ...

Macron's party is booted into 3rd place. Cue an endorsement from Donald Trump... The market is stunned, give it time...

Who's been drinking his own Koolade then?

There may be some truth in this, but the biggest rebuff is likely to be due to the idiotic rules on farming, and lack of consideration for native populations who are suffering greatly from strains caused by huge numbers of migrants and asylum ...

Thank you for the clarification.

Finally, after 30 years of vacillation, the Japanese economy has begun charging its government for borrowing money. That statement stems from my observation that, in my memory span, the JGB rates have been below '1%' since forever, or at least since ...

So... Whom have the BoJ enlisted to buy Yen in such amounts? Nicely coordinated to align with a Japanese public holiday. The volumes are enormous compared to typical levels. Hardly any movement in the Gold contract, so it would not appear to be BoJ ...

I wondered that on Sunday last. It seemed nonsensical to send slow moving drones to wake up the air defences and then hit them with a few ballistic missiles (which have around a ten-minute transit time). If one actually wanted to do damage the least ...

I have not kept up-to-date with this metric, but it appears that there is now a commitment to reducing US paper.

As a person who has been at the blunt end of UK politics for quite some time my view is that China's interference can only improve things....