
Before asking what will 2023 bring, it is worth looking at what 2022 brought. Virtually no-one predicted the two most significant events of 2022. First, the Russian invasion of Ukraine and the Ukrainian response. And second, the rise of inflation and the interest-increasing response of central banks.
They have a common theme – the failure of intelligence agencies and economists to take account of some fairly constant human behaviour.
Continue reading “2022 – predictably unpredictable”







