Gavyn Davies on Inflation, Asset Allocation and ChatGPT
Macro Hive Conversations With Bilal Hafeez
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The Impact of the Panic on the UK Economy
I think this is going to have a pretty significant impact on societies and economies. I'm finding everyone in Arthur and McElhyme, everyone's using it in one way or the other. We're kind of about these experimental sort of phase where we're finding all sorts of interesting uses for it. So this really does feel very real. It hasn't been as panic driven as we were thinking last October. And that helped the UK. As soon as the panic was over, the consumer went back to a firm labor market with lots of liquid balances. Fiscal policy was expansionary, but in a sensible way. The Bank of England hasn't had to do as draconian a tightening as may
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