Is the housing correction over before its started? Lots of interest rate cuts now priced in - there could be lots of disappointment

Jim returns from Canada and stresses the scope for improved economic & business ties with Ireland.Inflation is coming down but the world's central banks are poised to to do battle with the markets and disabuse them of their assumptions about rapid interest rate cuts next year. Falling interest rate expectations have helped some mortgage rates to ease, especially in the US and UK. House prices have reacted in time honoured fashion and are showing signs of rising again.Is the great house price correction, so desired by so many people, over before it got going?Could the world economy be stabilising and 2024 prospects improving - contrary to most forecasts?What is wrong with Rishi Sunak? How can a man so smart - and decent - get it so badly wrong? One answer: he doesn't get politics. Which is a bit strange for a Prime Minister. In particular, his business background means he believes that reasonable people can be negotiated with. You don't meet too many ideological wing-nuts in hedge -fund land - at least not ones who survive for very long. Sunak's mistake is to assume that his fractious, hard-right colleagues can be bargained with. Whatever they are given, whatever he concedes, it is never enough.The West is failing Ukraine. Putin could now win. And he won't stop at Ukraine. A new European war could be the result. That's not just tragic for Ukraine but also for our sons and daughters who will be asked to fight that war. Hosted on Acast. See acast.com/privacy for more information.

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