Gavyn Davies on Inflation, Asset Allocation and ChatGPT
Macro Hive Conversations With Bilal Hafeez
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The Importance of Listening to Market Signals
I don't think the market has any point of view at all, actually. And there are as many different points of view in the market as there are among any of your friends. It's very clear cut there. Big damaging volatile moves in markets are a flashing amber light for governments. But it's like any business person, you know, ultimately at the end of the day, you want the government to do what benefits your business. Politicians need to be very careful because when they ask what a business thinks about the exchange rate, exporters and importers will want it up. So you need to be careful in interpreting,. but big damaging volatility is a flashing amber lights for governments.
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