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Well they're probably aware now...
17h
The ECB's 1/4-point rate hike was widely expected. That doesn't mean it was right. It will do nothing to address the causes of the current inflation. It will add, slightly, to the forces constraining growth and worsening the fiscal position. It is doubtless intended as a signal... 1/2
A new issue of The European Journal of the History of Economic Thought is now online www.tandfonline.com/toc/rejh20/3...
Honoured to be part of the 4th Como Summer School in Phil of Econ organized and supported by INEM. Great location, wonderful talks, engaged student discussion, perfect organisation, fun social program! Highly recommended for any graduate student in history, methodology and philosophy of economics.
So far, 'everyone except the energy market guys' has come out on top in terms of Hormuz oil shock predictions. But we don't even know if the half time whistle has blown yet, and stockpiles won't last forever. www.ft.com/content/7863...