{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/633b3ddf2ce407001121c7e5/650f0269e663d90011d67d78?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Big moves in financial markets as the 'higher for longer' interest rate narrative takes hold. We call BS.","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/633b3ddf2ce407001121c7e5/1695482091602-5e97c57c597fd2cac0cff5486b9c2db4.jpeg?height=200","description":"<p>A big week in financial markets: bond yields are up to multi-year highs. All other asset prices have been affected. Equities are down, exchange rates are all over the place.</p><p><br></p><p>The new narrative is interest rates 'higher for longer'. Wethink this could be yet another narrative fallacy.</p><p><br></p><p>Interest rates were left unchanged in the US and UK following the ECB's latest dopey hike.</p><p><br></p><p>Economies are weakening under the strain of past rate hikes. Particularly the dopey ones.</p><p><br></p><p>Is Euroscepticism, pre-Brexit style, going to make a comeback?</p><p><br></p><p>Support for Ukraine - is it fracturing?</p><p><br></p><p>Saying goodbye to the Welsh economy.</p>","author_name":"Jim Power & Chris Johns"}