Perspectives: Episode 78 – Nightmare on Threadneedle Street

<p><span style= "font-size: 12pt; font-family: Arial, sans-serif;">In this episode, Escala Partners CIO, Tracey McNaughton, discusses the challenges facing the Bank of England as it attempts to deal with its first wage-price spiral since the 1970s. It’s the nightmare that haunts central bankers everywhere and is one reason why interest rates will remain higher for longer.  </span></p> <p> </p> <p><span style= "font-family: arial, helvetica, sans-serif; font-size: 12pt;">(0:48) - Central banks over the past few weeks have been surprising markets everywhere as the fight against inflation continues. </span></p> <p><span style= "font-family: arial, helvetica, sans-serif; font-size: 12pt;">(5:00) - It is interesting you say the Bank of England governor is concerned inflation is not coming down fast enough.</span></p> <p><span style= "font-family: arial, helvetica, sans-serif; font-size: 12pt;">(7:33) - The question on everyone’s mind is where is the next problem to arise as a result of this rapid rate hike cycle?</span></p> <p><span style= "font-family: arial, helvetica, sans-serif; font-size: 12pt;">(10:16) - Why were so many of these loans unhedged?</span></p> <p><span style= "font-family: arial, helvetica, sans-serif; font-size: 12pt;">(12:00) - Given the surge in interest in private markets, is it possible the private equity market will break before the public one does?</span></p> <p><span style= "font-family: arial, helvetica, sans-serif; font-size: 12pt;">(14:11) - July 14th is when the all-important US earnings season kicks off. What are you looking for?</span></p>