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Interest rates likely to fall next month - in the EU at least. But does the ECB know what it is doing? Nvidia & the nuttiness of stock markets.
Published 2 years, 2 months ago
Description
Inflation falls in the UK but *only* to 2.3%. Cue weeping and wailing and much hot air. The narcissism of small differences.
Does anybody know what really causes inflation? Does the ECB understand the connection (or lack of) between interest rates and inflation?
The human aspects of all this are often lost in dry discussions of monetary policy and inflation. But the human dimension is real, big and too often ignored by central banks.
Nvidia, AI, data centres and the nuttiness of stock markets.
Housing policy contains asymmetrical risks: building too few is much more dangerous than building too many.
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