It's absolutely ridiculous making assumptions about the course of the next election two years ahead. Three months ahead you can have a fair idea. Even then, lots can happen as we saw in 2017. (View Post)

Not surprisng given that they will receive huge sums from the EU instead of paying billions in and their lower classes will get better job opportunities in other countries rather than being outcompet… (View Post)

Off topic I was in town today and took the opportunity to ride Crossrail on its first official day, as I was mildly curious to discover what £20 billion buys you in 2022. On the whole I was moderatel… (View Post)

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)