Interest rates could still rise painfully more
In this post, we talk about how the economy of Germany, an important export partner for Finland, is showing further weakness. There is also a tentative slowdown in the global economic locomotive in the US, but so far it does not seem sufficient to slow inflation, let alone economic growth. Therefore, we will be talking about the possibility of interest rates going much higher. Central banks tend to go overboard in all directions. And this, of course, is a risk for equities.