It depends what you mean. I can't see asset prices plunging in nominal terms, but in a time of much higher inflation, I can see them plunging in real terms. People suffer from money illusion (th… (View Post)

It is a mixture of too-loose fiscal and monetary policy (demand-pull), input price shocks (cost-push) and exogenous supply-side disruption due to the late epidemic (also cost-push). The latter two th… (View Post)

There's hope for the country in the long term, though, if Johnson is Ted Heath. Because the minority Labour Government that replaced him had no solutions to inflation or exogenous cost shocks an… (View Post)

Might be if she or anyone in Labour had the slightest idea what to do about the cost of living or the economy more generally. (View Post)

I thought the Internet seemed somehow cleaner, friendlier, more informed and just better this morning... (View Post)