Things are changing at breakneck speed in the economic world at the moment!
It seems almost unthinkable that we entered 2022, just 9 months or so ago, with stock markets at or near record highs, bond markets also near all-time highs, and interest rates at or close to zero around the world.
Fast forward to September and how things has changed. We have now experienced 7 back-to-back interest rate rises in the UK (and odds on there are more on the way) with a similar story playing out across most western economies. Stock markets, and especially bond markets have struggled in this environment and now it seems almost inevitable that consumers will begin to suffer too as the cost of living continues to surge and borrowing costs increase.
It seems we are living in unusual times… or are we?
