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Another stupid interventionist reaction by politicians. A symptom of currency collapse. It was imposed in Revolutionary France as the Law of the Maximum and it led to shortages.
The yield on the 30-year Treasury is now 5.1%, the highest since 2007. The 10-year Treasury yield is 4.55%, the highest since the Liberation Day selloff. This may set off a major bond market collapse that will send yields soaring unless the Fed sends inflation soaring instead.
🚨NEW: An 18-year-old Southampton university student, Henry, has died after being repeatedly stabbed by 23-year-old Vikrum Digwa
After being stabbed, Police arrested Henry as Digwa claimed he had been racially abused. Henry then passed out and died in the street
[@DailyMail]
Higher energy prices will not create inflation as inflation is a monetary phenomenon. What high energy prices are acting as is a de facto interest rate hike. This will lead into a recession or worse. Central banks and treasuries will react in their usual Keynesian fashion.
The U.S. national debt just surpassed $39 trillion, up $2.8 trillion since Trump took office 14 months ago. But as war costs soar, interest rates rise, and recession ensues, budget deficits will skyrocket. The national debt could hit $50 trillion before Trump leaves office.
Soaring oil prices won’t cause higher inflation. They will cause a recession. It’s the fiscal and monetary policies that will follow soaring oil prices that will cause higher inflation.
@Keir_Starmer A lower rate of inflation means prices are rising, just not as quickly as before.
How are people who don't understand basic economics in charge of our economy???
UK deficit is now the highest on record outside a pandemic
No growth. Rising unemployment. Huge debt. Huge borrowing. Huge taxes. Huge energy bills
Labour are destroying our economy