RE: Mark bristow ceo interview13 Dec 2023 21:11
I see muddy waters...
The UK economy is stalling, and owner-occupier inflation is increasing, whilst wages are rising as fast / faster than inflation at the same time as minimum wages are in line for a massive boost next year. UK corporate profits will remain under pressure and foreign direct investment will continue to stall thanks to Brexit and the political uncertainty around next year's elections.
The US mini-boom will also be threatened by political uncertainty, as Trump and his minions will want to reverse anything positive implemented by Biden. Yes, interest rates will drop sharply, probably by a little over 100 basis points, but the deficit and a devaluing $ will stop further falls and 4% for longer will squeeze consumer and GOV spending.