2min chapter

Many Happy Returns cover image

2022 Merry Market Recap: Claus for concern

Many Happy Returns

CHAPTER

Is Sterling Going to Be Worthless?

Sterling has rallied back from its real lows. But I'm not convinced that Sterling's going to stage a huge rally. Purchasing power parity would put it at roughly 140 over 140. At the heart of it is our productivity, which has been very poor for a long time now. There are no really quick fixes for low productivity.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode