TLDR: This week, Aotearoa-NZ’s annual inflation rate rose more than expected to 7.3%, which restarted the debate about who was to blame and what should be done about it, as I wrote in Tuesday’s Chorus. Meanwhile, Europe finally tightened its monetary policy, but faces the potential for another debt crisis, as I wrote in Friday’s Chorus.
In the climate crisis, I wrote in Monday’s Chorus about performative declarations of climate emergencies by politicians and why they can’t now be trusted. In Wednesday’s Chorus, I wrote about growing fear of another house-building bust and why that’s both a long term problem and a symptom of our political economy’s structural failings.
In Friday evening’s live hoon webinar for paid subscribers, which is in recorded form above for all subscribers, I took a lap around these issues and more in geopolitics and the global economy with co-host Peter Bale.
We talked about:
who Liz Truss is and why she might become Britain’s next Prime Minister;
how the ground war in Ukraine is now playing out;
whether inflation is really peaking;
whether the Reserve Bank here can be blamed for high inflation;
how the Auckland Mayoralty campaign is playing out.
Here’s Peter’s Weekly World Bulletin email newsletter for more background.
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