An update from Doug McWilliams, macro economist, on central bank failures in inflation management

This gift of unwelcome inflation has been given to the UK population by those inside the Old Lady of Threadneedle Street responsible for managing inflation in the UK. Economics is not a precise science and yet models are created that are viewed as sacrosanct; add in some group think and hey presto you're ready to drive yourself and everyone else off the cliff. Ignoring clear signs of monetary incontinence and formulating new theories as to why this would not be transmitted to an economy painfully lacking in investment, in the form of large general price increases, takes some blind wilfulness. As Mark Twain said, "it ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so."

Click the link to see what Doug McWilliams at Cebr has to say. Doug provides input to Delft. View Comment

Delft Partners 23 June 2022

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