• 0:43 – The Bank of England in the firing line having misread the interest rate cycle.
• 2:28 – The impact of rising mortgage and savings rates, and the bifurcation of the housing market.
• 3:58 – The global inflation cycle, and why Producer Price Indices suggest inflation is a spike rather than entrenched.
• 5:58 – What’s happening to wage growth?
• 7:08 – China’s elusive recovery and how it responds to stagnant economic growth.
• 8:03 – The risk that a supply-driven inflationary crisis gives way to a demand-driven global recession.
• 12:48 – Are we stuck in an economic “doom loop” due to global interconnectedness?
• 18:33 – What the economic backdrop means for the markets, and why Somero Enterprises (SOM) profit warning suggests interest rate rises have worked.
• 19:58 – The potential impact of AI to improve productivity, and how it may drive Western reindustrialisation to the benefit of the FTSE 250.
• 23:33 – Why the UK market’s cheapness is an attractive buying opportunity, and the return of the 60:40 portfolio.