While the 2018 football World Cup is still in the early stages, we have already been holding our own multi-asset tournament, in which the 32 competing nations battle for goals on several economic and financial criteria. Which teams will go far, scoring goals on economic excellence, and which ones will flunk at the final financial whistle?
We're currently in a Goldilocks environment - not too hot, not too cold. How long can this last? Structural forces are depressing inflation but cyclical pressures are intensifying. Even if the microwave is less powerful than before, if you keep zapping the porridge for long enough, surely it will eventually overheat?