2022 Merry Market Recap: Claus for concern
Many Happy Returns
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.
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