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Telegraph: Shock Rise In Us Inflation Rocks International Markets.

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'Shock rise in US inflation rocks international markets':


The fears of rising inflation in the US and the need for higher-than-expected increases in interest rates come after recent similar higher inflation statistics in the UK.

Traders noted that yields on the 10-year Treasury note had risen to 5.17pc -- a more than 20pc jump since this time last year.

They said that such rapid movements in the past have always been harbingers of faster inflation to come.

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WHO was shocked?

Not readers on HPC or on GEI

Maybe those who believe the tripe in the Mainstream press were- but not here.

There should be a sharp but brief rally now, See Comment on GEI

Journos? Yes, I'm waiting for the rally in order to add to my shorts.

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Its much more than the BoE, watch the international trend:


Japan BoJ Monetary Policy Meeting (May 18-19)

Outlook: The Bank of Japan will meet this week to discuss the current results of decreasing the current account deposit balance. BoJ Governor Toshihiko Fukui stated earlier this month that the liquidity drawdown may be completed within a few weeks. Analysts expect that the BoJ will upgrade their assessment of the economy to "expanding" for the first time in almost 15 years. While the bank is expected to leave interest rates near zero this week, investors began speculating a rate hike during the June 14-15 meeting. Fukui downplayed this rumor by announcing that the central bank will not immediately begin raising rates following an end to excessive liquidity. Traders will listen closely to comments made after the meeting to determine when a shift from a zero interest rate policy may occur.

Its an interesting place to be. We have inflation yet world economies are only just coming out of recession or are on the knife edge of going into recession. The US housing market is correcting yet spending and GDP is still strong. The UK has shrinking manufacturing and service industries due to outsourcing and lack of competitiveness, rising unemployment, record personal debt (just passing the US numbers recently) and deficit yet the pound is the strongest currency in the world. Germany is slumping back into recession with employment stagnating and exports suffering due to the upward trend in the Euro--Italy and Spain are both falling in growth terms. The Japanese don't seem to know whether they need an IR hike or not as their recovery seems to be on again off again and they probably fear a hike due to the implications of the carry trade worldwide. And there's oil and Iran.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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