Monday Macro: Thoughts on the next 15 months, the 7 European wonders and a UK economic snapshot

Back to normal programming after the Easter break. Watch the (expectations) gap(s) over the next 15 months. Plus voters really, really dislike inflation after a long low rates decade

I want to start this Monday's Macro with a very top-down discussion before digging into helpful market data. Here’s the thought – we’re entering a potentially dangerous, extended 12-to-15-month period for big macro debates.

What matters for markets globally is what happens in the US, and what matters in the US is what the US Federal Reserve is thinking. …