CREDIT SUISSE: “Our work indicates that YoY inflation is likely to fall to 4.2% in May, 3.2% in June .. this would represent one of the greatest drops experienced in a 2-month period over the past 70 years.” [Golub] #CPI
A lot of central banks are raising interest rates to combat inflation.
But many people don't understand what inflation truly is.
Here's the legendary economist Milton Friedman explaining it (and its dangers) in a minute or so. Enjoy.
Nuriootpa to Lyndoch and beyond - Vineyards in Barossa Valley are blooming with white and red grapes. Many of them are getting a taste of a modern winery specific ERP system. Do you want to know how we can help? #SWS#WineryERP#TSG
Just ran the DFA modelling for July 2022. We saw a shocking rise in rental stress (to 50.48%) and a rise in mortgage stress too, on a cash-flow basis. Higher interest rates and living costs not being offset by income. Trouble ahead? Big spike in BNPL and other bridging debt.
Manincor Pinot Nero Alto Adige Mason di Mason 2019 is staggeringly deep and complex. It's as subtle and refined as it is concentrated and structured, with a long finish that lifts it up to a higher level than other Italian wines from this grape. See more: https://t.co/DztVsOX940
The $2 billion group has F1 champion Lewis Hamilton and tennis star Roger Federer as investors, with Woolworths part of growth plans. https://t.co/8rkmLZ4E6l