by Damon de Laszlo, ERC Chairman Since July there seems to have been a rollercoaster of news, word-bites and generally irrelevant hysteria, but during the month no fundamentals seem to have changed, except that the trends that were nascent are beginning to appear more solid. Inflation across the world is declining, it would seem […]
July 2024
by Damon de Laszlo, ERC Chairman As is often the case, we seem to be at a tipping point – the moment when the tide, having gone out, hasn’t apparently started to come back in, is very much the feeling I have when I look at inflation. It is basically receding – prices of […]
June 2024
by Damon de Laszlo, ERC Chairman The weather at last gives some uplift to the spirits and helps with optimism, making it more difficult to address the underlying economic problems that we still face. Elections in the UK have deteriorated into political farce, with the two major parties playing a sort of game of […]
April 2024
by Damon de Laszlo, ERC Chairman I was mildly optimistic last month, having hoped that the diminished impact of supply chain disruptions on inflation and the return of job vacancies towards normal levels indicated stabilizing conditions. It was also my hope that forecasts for the US deficit would begin to show steadiness. However, unnerving […]
March 2024
by Damon de Laszlo, ERC Chairman Another month and another stock market peak, largely driven by the euphoria around the so-called Magnificent Seven, riding the AI boom. Another month in which those living in Gaza have had their homes and infrastructure mercilessly pounded as well as being cut off from humanitarian aid and food […]
February 2024
by Damon de Laszlo, ERC Chairman We are living in a bizarre world where pressures are building in different spheres. The mood in general is pessimistic but the world seems to trundle along without seriously attempting to address the pressure points, while at the same time acknowledging them to be there. Money is poured […]