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Tuesday, July 11, 2023

Went Fishin'

Been quiet recently since I was off for a couple of weeks in Jolly Old England. This was a trip that was supposed to happen in 2020 but it was Overtaken By Unfortunate Global Events. 

The only economic content I can offer based on this trip was that I was impressed at the level of penetration of contactless payments (beyond retailers), and as usual, the U.K. seemed expensive. On a tourist purchasing power perspective, CAD is undervalued versus GBP (although one needs to take into account that VAT is built into prices in the UK, versus being added on top of displayed prices here). Since my mental GBP price anchoring is based on prices in the early 1990s, I also noted considerable inflation.

It looks like I have some consulting work that has built up over my absence, so I might not be back to a my target publishing routine for a week or two. 

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