Daybreak Europe Show Open: Risk of Handbrake Turn

The video discusses the recent changes in global rates, focusing on the doubling of short-term government bond yields in the EU and US. It highlights the potential risks of a 'handbrake turn' in central bank policies, which could lead to a VAR shock affecting global markets. The conversation also touches on the implications of rising rates, gas prices, and taxes, posing a significant challenge for central banks. The discussion concludes with the potential impact on equities and the broader economic landscape.

What are the concerns related to the possible VAR shock mentioned in the text?

In what way does the text suggest that rising gas prices and food prices could affect the economy?