These are the potential ‘shock’ scenarios around next week’s inflation
data, says Goldman Sachs
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Next week’s CPI data could “shock” the market in a couple of ways, cautions
Goldman Sachs.
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ReplyDeleteOn Monday, Benedict, 85, explained his resignation, saying that the papacy required “strength of mind and body” and his had deteriorated in recent months. On Tuesday, the Vatican acknowledged for the first time that the pope has had a pacemaker for years and that its battery was replaced a few months ago in secret, Reuters reported.
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“But you notice that the aging process impacts body and soul, and especially on his strength," Ratzinger said Tuesday. "And he thinks that with a reduced workload he couldn't carry on this great responsibility, that a younger person is needed to capture the problems of today's time and who has the power to do what has to be done.”
'Indiscretions'
Ratzinger said the pope’s time in office had “created great challenges for him,” highlighting two particular issues that concerned his brother.
"Within the church a lot of things happened, which brought up troubles, for example the relationship to the Pius Brotherhood or the irregularities within the Vatican, where the butler had let known indiscretions,” he said.
“These were emotional years, but with God's help and his own commitment, I think he mastered it rather well,” he added.