Topsy-turvy: Looking back at the ups and downs of 2022

It's that time of year when thoughts turn to turkeys, hangovers, terrible jumpers, and if you're a financial commentator, trying to make some sense of the last twelve months while providing some reasonably idiot-proof predictions for the coming year. So here we go. Clearly the big political and economic event of the year has been the Russian invasion of Ukraine and the ensuing energy crisis. This had a huge effect on the monetary policy of central banks across the globe, and the spill over into bond and equity markets has been pronounced. Tighter monetary conditions have led to signif...