When inflation is accelerating, a currency depreciation is more likely to add a kicker to domestic price pressures
Bargain hunters are premature, but plenty of opportunities await patient investors
“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner,” wrote Adam Smith, famously, in The Wealth of Nations, “but from their regard to their own interest. We address ourselves, not to their humanity but to the