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The Other Hand
Oil heading towards $100 may mean the good news on inflation is over. With more bad news on interest rates to come.
US inflation rose again last month: is the good news over? The Saudi-Russian alliance seems determined to get oil prices up to $100. That could mean €2+ for a litre or petrol and/or diesel.
Interest rates look to be in 'higher for longer mode'. There is nothing good that flows from $100 oil - other than an economic slowdown/recession that will cut fossil fuel consumption & help, a little, the environment.
Putin is building a new friendship circle, including fellow megalomaniacs from N. Korea and mad mullahs from Tehran.
The advice to the next government everywhere, including UK, US and Ireland, is the same: build more houses. In the UK and Ireland that's gonna need big reforms of the planning system.
Comedians - and serious journalists - are starting to tell jokes about Sunak's chances of winning the next general election.
Are Ross O'Carroll-Kelly's D4 brothers-in-arms helping to shutter a 112 year-old cricket club?
