Economy

'Painfully Slow Capitulation': Why Investors Keep Getting Inflation Wrong

‘Painfully Slow Capitulation’: Why Investors Keep Getting Inflation Wrong

A brutal third quarter in financial markets ended on Friday and one thing is crystal clear: inflation is the most important factor driving asset valuations right now and yet few, if any, are able to accurately predict where it is likely to go. . The reason? Professional forecasters, policymakers and traders all continue to dismiss …

‘Painfully Slow Capitulation’: Why Investors Keep Getting Inflation Wrong Read More »

Three lessons for Americans from the fall of the pound sterling

Three lessons for Americans from the fall of the pound sterling

For now, the Bank of England has restored some calm to global financial markets, which shook a week ago, after Prime Minister Liz Truss’s new UK government and her Conservative Party announced a huge unfunded tax cut. As economists and financial analysts criticized the policy as untimely and irresponsible, the value of the pound plunged, …

Three lessons for Americans from the fall of the pound sterling Read More »