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UPDATE: Currency trading has begun in Asian markets and the pound is down another half cent vs the dollar. Below $1.08. Small fall compared with what we saw on Fri but v much NOT the direction the govt would have liked to see. Could be a bumpy week. Hold tight...

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Simple economics to get inflation down - slow demand growth. To get there - hike interest rates OR tighten the budget or both. Doing via the budget is preferable as it moves to surplus & lowers govt debt. Rate hikes do the opposite. Go hard in the budget, take pressure off RBA.

...the typical responses are: - Tighten up and go through some pain: very positive real rates, private sector deleveraging, fiscal austerity and some currency weakness => very painful - Use the govt balance sheet to shield the private sector => FX & bonds down, BOTH! 17/

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"Our govt had stopped trade with India because itended special status of Kashmir," he said, adding that the present imported rulers wanted to resume trade relations with at cost of Pak's integrity

UK Govt Eyes Crypto With Agile Legislation

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Rajasthan's #Congress  has just imploded from within. Their governance track record in the last 5 years of the govt under #AshokGehlot  has been disastrous to say the least. : @KARAN_author  @NiyamikaS  with more details on the news Watch@thenewshour  Spl Edition with @Swatij14 

#ShehbazSharif-led govt wants to resume trade ties with India: #ImranKhan  Read:

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Conference motions are not binding on a Lab govt

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I never want to hear another word about “her emails” from a group of people who are ignoring important govt officials wiping their phones.

Just received verbal govt approval for The Boring Company to build an underground NY-Phil-Balt-DC Hyperloop. NY-DC in 29 mins.

us: left govt, high inflation uk: right govt, high inflation germany: centrist govt, high inflation italy: everyone in govt, high inflation wild guess it’s not the govt

BREAKING:  Russian govt official Anatoly Chubais has stepped down and left the country, citing his opposition to Putin’s war in Ukraine, sources tell Bloomberg News. He is highest-level official to break with the Kremlin over the invasion.

The US govt last week updated the survival rates (i.e., IF infected) for Covid19: 0-19 99.997% 20-49 99.98% 50-69 99.5% 70+ 94.6% Didn't see it reported much.

“The U.S. govt. has reason to believe that several researchers inside the Wuhan lab became sick in autumn 2019, before the first identified case of the outbreak.” I’m sure that’s a TOTAL coincidence ? The CCP covered it up & the whole world knows it!

NEW: I just spoke with the former head of US Immigration & Customs Enforcement (ICE) – He tells me that he expects hundreds of separated children will never be reunited with their parents. They will be lost in the system. Orphaned by the US Govt'.

Many reports of peaceful protests by Iranian citizens fed up with regime’s corruption & its squandering of the nation’s wealth to fund terrorism abroad. Iranian govt should respect their people’s rights, including right to express themselves. The world is watching! #IranProtests 

#PodestaEmails10 show HRC kept 55K emails from Congress. How much more evidence does the govt need to press charges?

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Governor Gavin N has done a really bad job on taking care of the homeless population in California. If he can’t fix the problem, the Federal Govt. will get involved!

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