Consider the possibility - just the possibility - that inflation might soon peak. Commodity and shipping prices have begun to fall, and the measures taken in response to the energy crisis - more storage, power stations brought back into use etc - are starting to take effect.
@DanielJHannan You should discuss this with @D_Blanchflower
@DanielJHannan No one is allowed to be positive on our MSM.
@DanielJHannan It will be too late for many vulnerable people and businesses But I'm guessing you know that
@DanielJHannan Yes - it's called the market working.
@DanielJHannan Definitely more storage. That’s what grid scale Vanadium Redox Flow Batteries are most suited for in order to balance the grid for solar and wind applications. Need to upscale massively but the technology is here now and should be installed immediately. invinity.com/vanadium-flow-…
@DanielJHannan Hanman, Economics not being your strong point, I’d just keep away from the subject. You are no Cathie Wood.
@DanielJHannan Inflation is still rising and could hit 22% next year. Tories closed the storage. Tories closed the power stations & failed to invest in sufficient renewable replacement. The commodity and shipping hikes are Brexit induced because you screwed that up too. Fantasist.
@DanielJHannan But precious little to bring on new sources of gas supply. Inflation won't return to target until we have cheap, abundant energy again.
@DanielJHannan I also think inflation will come down. I haven't seen anywhere an acknowledgment of elasticity of supply in the energy market.
@DanielJHannan If inflation falls it just means prices aren’t going up quite as fast