> Truss's premiership has been in turmoil since her mini-budget last month, which rocked markets and was later scrapped by her new chancellor
Interesting that the train was set in motion by economic trouble, particularly inflation and a miscalculation about a response.
The strong US dollar is exerting effects around the world and will continue to do so. This is unlikely to be the last incident in which the dollar's strength contributes to instability in other countries.
There have been many calls for the death of the dollar. Inflation will kill it. It will be killed by countries wising up that they don't need it and can trade with each other using their own currencies.
And yet here we are. US CPI growth north of 8% and a dollar that's rocketing higher. Meanwhile countries like Britain and Japan are desperate to find a way out of an acute dollar shortage, tanking currencies, and uncontrollable inflation.
Interesting that the train was set in motion by economic trouble, particularly inflation and a miscalculation about a response.
The strong US dollar is exerting effects around the world and will continue to do so. This is unlikely to be the last incident in which the dollar's strength contributes to instability in other countries.
There have been many calls for the death of the dollar. Inflation will kill it. It will be killed by countries wising up that they don't need it and can trade with each other using their own currencies.
And yet here we are. US CPI growth north of 8% and a dollar that's rocketing higher. Meanwhile countries like Britain and Japan are desperate to find a way out of an acute dollar shortage, tanking currencies, and uncontrollable inflation.