Wall Street Journal (June 20)
“The world’s central banks underestimated inflation last year. They are trying not to make the same mistake twice.” But they are “in a tricky spot. They need to decide if inflation has stalled way above their 2% target, which could require much higher interest rates to fix, or if inflation’s decline is only delayed. Get the call wrong, and they could push the rich world into a deep recession or force it to endure years of high inflation.”
Tags: 2% target, Central banks, Deep recession, Delayed, Inflation, Interest rates, Mistake, Rich world, Stalled, Tricky spot, Underestimated
The Guardian (February 5)
“It is finally dawning on more and more people that leaving the EU was a colossal mistake.” Brexit has led to “supply chain disruptions, staffing shortages, higher food prices and extra red tape for business. Public opinion is shifting towards remorse. Instead of hurtling away from the EU into the swaggering prosperity promised by the Leave campaign, Britain is instead receding into a dark timeline of recession, strikes, and political instability. Last week, it was forecast that Britain will be the only G7 economy to shrink in 2023.”
Tags: Brexit, Disruptions, EU, Food prices, G7 economy, Mistake, Political instability, Public opinion, Recession, Red tape, Remorse, Shortages, Shrink, Staffing, Strikes, Supply chain
Forbes (September 20)
“Britain’s non-binding resolution, to leave the EU (aka Brexit) is moving forward because one weak-willed and weak-minded politician, U.K. Prime Minister Teresa May, is treating the 2016 opinion poll as legally binding. It wasn’t and isn’t.” It is time for the Prime Minister to “exit Brexit” and “reverse the U.K.’s mistake.”
Tags: Britain, EU, Exit Brexit, May, Mistake, Non-binding resolution, Reverse, U.K.
Bloomberg (July 15)
“By this point you can probably agree that it was a mistake for Greece to join the European common currency in 2001…. So why exactly are Greece and its European creditors still trying against all odds and good sense to keep the country in the euro?”
