Just how cornered are central bankers? They face inflation and a banking crisis, at the same time! This creates an impossible choice. Will central banks…
A few weeks ago, European Central Bank president Christine Lagarde gave a private interview to Ukrainian president Zelensky. Well, it turned out to be a…
Don’t worry, readers. The banking crisis is under control. We don’t need to fear another crisis caused by another bank run. The authorities are monitoring…
The Budget is out, triggering much wailing and gnashing of teeth. The Financial Times and the Telegraph called it “pro-growth”, while the Guardian says it…
Why the banks didn’t hedge their books properly is as yet unclear, but the most obvious explanation is that their respective Treasury operations were being…
Yesterday I left you pondering the inflation comeback in Europe. Since I put that article together, Germany’s inflation data added to the argument, and eurozone…