Monday Macro - A contrarian take on what just happened as well as inflation, plus 5% US rates (?) and China dominates battery metals processing

I apologise in advance, but I felt compelled to disagree with much of the big picture commentary on what’s been happening in the UK. Cue an alternative, contrarian take on why more QE is coming.

At the end of the week, in my usual links edition, I’ll share the comments of Albert Edwards at SocGen on the fiasco of the last few weeks (esp the mini-budget) but for now, I’ll quickly map out why I am increasingly taking a contrarian view about the big stories in finance and rates, namely inflation rates and interest rates.

The conventional narrative …