Markets should watch out for the summer fling
Keep an eye on the yen and other areas of consensus as temperatures rise
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Markets should pay heed to the affordability squeeze
Political pressure in response to public anxiety will demand policy responses
Interest rates take fright
The market’s calm in the face of war is beginning to crack
US companies use hot markets to slash borrowing costs on risky loans
Repricing activity hits record high of $153bn in July in latest sign of investor optimism
Interest rates are normal, the world is not
Given all this fragility, recessionary or inflationary shocks — or even both together — are conceivable
For sun-and-sea holidays, October is the new August
Climate change is prompting shifts to the off-season and ‘coolcations’
Beware populist economics
History suggests the political approach ends in unsustainable debt and lower GDP