Oil heading towards $100 may mean the good news on inflation is over. With more bad news on interest rates to come.

US inflation rose again last month: is the good news over? The Saudi-Russian alliance seems determined to get oil prices up to $100. That could mean €2+ for a litre or petrol and/or diesel. Interest rates look to be in 'higher for longer mode'. There is nothing good that flows from $100 oil - other than an economic slowdown/recession that will cut fossil fuel consumption & help, a little, the environment.Putin is building a new friendship circle, including fellow megalomaniacs from N. Korea and mad mullahs from Tehran.The advice to the next government everywhere, including UK, US and Ireland, is the same: build more houses. In the UK and Ireland that's gonna need big reforms of the planning system. Comedians - and serious journalists - are starting to tell jokes about Sunak's chances of winning the next general election. Are Ross O'Carroll-Kelly's D4 brothers-in-arms helping to shutter a 112 year-old cricket club? Become a member at https://plus.acast.com/s/the-other-hand-with-jim.power-and-chris.johns. Hosted on Acast. See acast.com/privacy for more information.