BoE Governor: Expect 13%+ Inflation and a Recession!
The key update of the week is that the Bank of England has increased its interest rate by 0.5%, the largest increase since the Bank’s operational independence in 1997. The rate rise comes on the back of a dismal economic forecast by the BoE that forecasted inflation rates of 13% by the end of the […]
Fears of recession loom as inflation spirals and confidence declines
This week has been dominated by the fears of a looming recession following the release of key GDP and confidence data. Significant news was released on Thursday when it emerged that the US economy shrank for a second consecutive quarter. This technical recession is due to a 0.9% GDP contraction for Q2 following a 1.6% […]
Hyperinflation is still happening in the 21st century
When you hear the word ‘Hyperinflation’ you probably think about that history lesson you had in school, the one about Germany between the wars where a wheelbarrow full of cash was needed to buy a loaf of bread. The one that included The Wall Street Crash and brownshirt Nazi thugs beating people up in the […]
What does the new German government mean for the Euro?
(New Chancellor Olaf Scholz) Last Wednesday marked the end of an era in Germany. Not only did Angela Merkel end her tenure as Chancellor but also for the first time in 16 years, the conservatives (CDU) are no longer in government. The new government is a mix of both continuity and change. Olaf Scholz, the […]