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...“When Europe is hit by a shock, it is fragmented, so it doesn’t respond as coherently as the US,” said Yannis Stournaras, governor of Greece’s central bank....
...What kind of upsets me is sticker shock — I think that’s causing a lot of this emotion, this backlash,” says Chen....
...The young artist liked to shock....
...— and these shocks primarily caused inflation....
...Authorities have focused on bets that use derivatives such as futures and swaps to magnify their returns, as well as liquidity mismatches that could lead to fire sales and US hedge funds’ enormous bets in...
...The great bet on rate cuts — and it was enormous — is dead. At the start of 2024, the expectation was for six, maybe seven, US rate cuts this year....
...will amplify any shock....
...This created enormous opportunities for taking advantage of cheap labour....
...Barring an enormous shock, they are set for their third consecutive defeat in next week’s London mayoral election. Taylor Swift’s break-up track “So Long, London” could be the campaign song....
...The market in Hong Kong has created enormous wealth — but it has been a one-trick pony of ever higher pricing....
...“We need to reduce our vulnerability on supply chain shocks.”...
...The risks became apparent in 2022, when China’s lockdowns and export restrictions caused graphite prices to more than double within a year, putting enormous strain on other global EV industries....
...They’ll spend $6mn on a vineyard and then get a shock when you tell them they’ll have to spend $30mn if they want a winery....
...But there is enormous pressure to crank up an old debt-fuelled, public sector-led growth engine that is inefficient and creates unintended consequences....
...The implication is that the Fed’s enormous interest rate increases are not primarily responsible for the slowdown in inflation in 2023. “What role did the US Federal Reserve play in all this?...
...So to see enormous crowds of my fellow citizens marching cheerfully in bitter cold, and even after nightfall, for more than two weeks to protest against a surging hard right has been a rather moving surprise...
...All I know is that Powell now has my back in times of stress, given his victory in the battle against the great supply-side inflation shock of 2021-22....
...By any scale, these numbers are enormous. In the halcyon days of lower-for-longer rates, governments could finance their spending through low-cost borrowing....
...How to recapture the shock of the new, the moment when Monet, Renoir, Degas and their friends opened the first Impressionist exhibition on April 15 1874?...
...But if you sell them in a rising interest rate environment, you realise enormous losses....
...Since the 1970s, Italy has artificially propped up its GDP growth with continuous devaluations of the lira and an enormous expansion of public debt....
...The stock market has responded to the shock by rising a smooth seven per cent over the same period, reaching new all-time highs....
...People are protected from a mortgage rate shock.” Verbeek’s argument has gained traction with politicians....
...They cannot be the insurer of first resort for all shocks. They will have to take a much more targeted approach to social support in response to shocks....
...This is when political leaders are under pressure to respond and take action, but these actions can have enormous consequences and be hard to rescind....
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