Quantitative exhaustion and deflationary fears

See my recent Bloomberg TV interview where I discuss global inflationary pressures

 In summary:

  • Inflationary divergence is now a key market driver
  • The US is successfully inching up towards the Fed’s target, while the euro zone is closer to deflation than generally realised
  • Sterling’s collapse looks set to squeeze UK incomes as we end up with inflation for all the wrong reasons