On an annual base inflation in Belgium rose to 5.80 % in June. That is the highest number since 1984. Good for the government !
Bank stocks make the Bel-20 index crash (once more ...). There must be a slight wind of panic (or is it a hurricane already ?) rising in those elevated atmospheres.
In the banks most certainly. I'm not sure the government really cares, for two simple reasons : they think they have other, more important, priorities to deal with and inflation helps to disarm the public debt problem.
I know I am starting to panic seriously, because of my "rock solid" pension funds. If I sell now, after a year of bad to worse results, I take a very serious beating indeed. If I wait and hope for better times, I may lose most of it.
The golden age of retirement, my donkey !!
You may remember that earlier this year, while officials were singing "Tout va très bien, mamadame la marquise" I warned my few readers that they were talking horse manure. But nobody listens to "l'oiseau de mauvaise augure".
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