On earnings season, interest rates and chastising central bank bosses

Reserve Bank of New Zealand governor Adrian Orr. (Image: Getty)

Sat, 11 Nov 2023

It’s a bit like the Strait of Messina in Homer’s Odyssey. On one side of the Strait is Charybdis, a sea-monster that creates giant whirlpools that suck you down and spit you out, giving the feeling of eternal drowning. On the other side of the strait is Scylla, who would snatch six people from your ship. The idea was to not sail close enough to earth and to find a route that avoided both. Let’s consider these two mythological creatures from the epic book as “profit warnings” and “forward...

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