Big moves in financial markets as the 'higher for longer' interest rate narrative takes hold. We call BS.
A big week in financial markets: bond yields are up to multi-year highs. All other asset prices have been affected. Equities are down, exchange rates are all over the place.The new narrative is interest rates 'higher for longer'. Wethink this could be yet another narrative fallacy.Interest rates were left unchanged in the US and UK following the ECB's latest dopey hike.Economies are weakening under the strain of past rate hikes. Particularly the dopey ones.Is Euroscepticism, pre-Brexit style, going to make a comeback?Support for Ukraine - is it fracturing?Saying goodbye to the Welsh economy. Become a member at https://plus.acast.com/s/the-other-hand-with-jim.power-and-chris.johns. Hosted on Acast. See acast.com/privacy for more information.