“An upside surprise to inflation is among the greatest risks.”
“It’s impossible to know how many of these shuttered hotels and hostel will reopen.”
Mexico and Brazil, having seen the economic destruction that high inflation can wreak, don’t want to see it again.
Mortgage applications spike to record, while 130,000 homeowners are on mortgage holidays, 500,000 on tailored payment plans, and over 1 million are in unmortgageable apartments due to the flammable cladding crisis.
The BoE is assessing if contagion from this scandal could spread to the broader housing market and cause a new financial crisis.
Central banks still brush it off as just “temporary.”
Brazil’s central bank struck back with shock-and-awe rate hike. Mexico’s central bank in tough spot after hit to economy. Argentina’s inflation at 42%.
The Pandemic strengthened the resolve to fight obesity.
The Lira plunges, stocks plunge, yields jump. Capital controls expected.
It remains in a state of suspended animation.