5min chapter

What Goes Up cover image

Liz Truss's Ronald Reagan Moment

What Goes Up

CHAPTER

The No Dominance of Mackerel Imperatives

Julian Zelizer: The storm that has been 20 22, thus far, the no dominance of mackerel imperatives across all assets, has really been unprecedented. It really goes back to this idea that after 25 years of quiescent inflation, we had a break out in the readings that's now been over a year. You've had a leadership change, the queen's passing, a new prime minister, a new government, just total huge challenges in a market that had already been showing strains,. frankly, since the breget vote in 20 16. What exactly is there? Well, do you go back to the end of last week, where one looked up on one screen and

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