35 sats \ 3 replies \ @Undisciplined 23 Dec 2023 \ on: UK on brink of recession.. econ
I'm guessing you're referring to price inflation being 4.2%. Do you know if the money supply is contracting in the UK?
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444 sats \ 2 replies \ @shado_op OP 23 Dec 2023
Has been for just over a year. (M4). Which suggests the BOE have again gone the wrong way at the wrong time on interest rates, having ignored the build up to inflation. But no-one on the BOE monetary policy commitee can be sacked, so no consequences there...!
Sourced from Trading Economics https://tradingeconomics.com/united-kingdom/money-supply-m4
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0 sats \ 1 reply \ @Undisciplined 23 Dec 2023
Makes sense, that basically tracks what the Fed's doing.
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0 sats \ 0 replies \ @shado_op OP 23 Dec 2023
Imv, the BOE and the ECB take their cue from the US... they are effectively a central bank Fed Tracker Fund, like most trackers it doesn't quite hug the index, but it's pretty close!
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