The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The reasoning behind the € dip is the opinion that the ECB cannot raise rates much higher than they are without tipping themselves into a prolonged recession. Now when will the Americans realise that also is the question?
Things are a lot worse than we are being told. Got plans for an extension passed but haven't been able to get a builder to price for the work they all say the materials have up to a 6 months waiting period and they can't price as they don't want to commit. All are putting me off until next year and several have folded up, I'm talking with builder number ten at the start of the week ahead but not hopeful. Bad times ahead it seems glad I'm hedging with gold.
Don't believe the hype. Taken from the Spectator :-
The answer from the Bank of Russia’s balance of payment data for January to April isn’t reassuring. It showed that the sanctions are emphatically not working, at least not in the way that they were intended. Russia’s current account surplus (roughly speaking: exports minus imports) jumped to an all-time high at $96 billion – almost four times the same period last year. The total balance of goods and services shows an even wider gap: $106 billion, treble that of last year.
The West is hurting more from the sanctions it seems.
Granted money printing has given us chronic Inflation but it's the sanctions that have given the West acute hyperinflation with poo double it's non sanctions price.