There would be such pressure on all govts (Germany/USA/UK)...

There would be such pressure on all govts (Germany/USA/UK) wouldnt there, since they've all had some pullback in inflation? UK inflation went back up though.

Due to the lag effect, we are yet to see the full effects of job layoffs. I suspect even if they magically get inflation under control with their first round of hikes, at a minimum that bout of fighting would last a few years....since tightening started 2022, that would mean at least till end of 2024?

Although, who ever heard of a govt getting inflation under control in 1 or two years? And now since we are globally interdependent for trade, you need co-operation between trading partners on inflation, and that doesnt exist. So if costs are elevated in one country, their trading partners pay for it if it wants thir goods.

Everything coming to a head because they never really fixed the causes of the GFC but kicked the can down the road instead, and continued the party. Theres too much risk and uncertainty ahead, and we could be looking at GFC Mk 2 plus inflation, plus global recession, if not global depression. Gold now at 2001 USD is telling you something.

And if the market continues to stick its head in the sand like an ostrich, then Im pretty sure it will be easy pickings for a lion. It wont see what is coming, and whammo! Game over.