RECESSIONS 2023
Economics / Recession 2023 Nov 09, 2022 - 09:59 PM GMTIn terms of economic activity of all the major economies the US is the most robust so Recession delayed, which may never materialise. Meanwhile the rest of the world, especially Europe is scrambling to counter soaring energy bills and economic stagnation.
Whilst Britain has decided to go for broke with a mega £45 billion shock and awe tax cutting budget with likely more announcements to come in attempts to prevent the UK falling deeper into STAGFLATION by borrowing to spend all whilst the Bank of England RAISES interest rates but to nowhere near the extent necessary to defend Sterling hence GBP has a destiny with parity to the dollar with similar prospects for most currencies against the dollar. Only time will tell if Britain can pull a rabbit out of the hat by means of an INFLATIONARY BOOM! How is the UK going to bring inflation down when they are printing some £200 billion (including the energy bailout) to finance a heron rush? High inflation is not going away anytime soon!
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By Nadeem Walayat
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Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.
Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.
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