As markets shake off their summer slumbers, what should we be worrying about? Lots..! From real vs transitory inflation arguments, the long-term economic consequences of Covid, the future for Central Banking unable to unravel its Gordian knot of monetary experimentation, and the prospects for rising political instability in the US and Europe.
GB News’ crushing of Militant Wokery has made the many companies threatening to boycott the new channel look very stupid. The woke agenda was basically “be nice”, but has been hi-jacked by militant cadres, becoming “be nice or else, and we define what is nice.” It’s a form of politics that can and will move markets.
Consequences are unavoidable. Pension savers are crushed by interest rate repression and the changing demographics of Covid, while the deluge of debt fuelled by low rates does nothing for economic sustainability.
