World power brokers have now entered the next phase of reacting to the $USD wrecking ball. And it's only Wednesday… @SantiagoAuFund @mnicoletos pic.twitter.com/hDZZNKcPJE
— IceCap (@IceCapGlobal) September 28, 2022
BoE warns of risk to UK financial stability as it intervenes in gilt market
Or in other words, the UK is back to quantitative easing, with inflation at 10%, to avoid pension blow-ups and other similar issues.
Will this happen in the US soon? pic.twitter.com/KzZCCgiMQY
— Josh Young 🦬🛢️ (@Josh_Young_1) September 28, 2022
U.K. 🇬🇧 BOND YIELD 📈 pic.twitter.com/h1LawuLUoK
— Win Smart, CFA (@WinfieldSmart) September 28, 2022
ECB's Kazimir:
-Next year will be much harder than this one
-Higher inflation likely to stay for a longer time
-Europe did well in 1st Half of 2022, but worse times coming— DailyFX Team Live (@DailyFXTeam) September 28, 2022
Appreciation of the Dollar’ Is Increasing the Risk of Global Stagflation and Recession: El-Erian
The dollar’s sustained rise is increasing the risk of global stagflation and recession, according to Mohamed El-Erian, the president of Queens’ College at Cambridge University.
Wharton’s Jeremy Siegel Rips Fed for Mishandling Inflation, Driving Country Towards ‘Deep Recession’
Wharton business school professor Jeremy Siegel warned Tuesday the Federal Reserve’s hawkish stance on combating inflation is sending the U.S. economy towards a “deep recession.” On “Cavuto: Coast to Coast,” Siegel unpacked the Fed’s recent rate hike and argued an “excess of monetary growth” over the past two years created the “inexcusable” problem.
h/t CommodityMoney