Bond-fire of the Vanities....

[Fab Foodie]

I don't profess to understand the technicalities of the Bond market, but listening to analysis at the start of 'Wake up to money' this morning, none of this sounds positive.

https://www.theguardian.com/politic...russ-uk-government?CMP=Share_AndroidApp_Other

The nation's being thoroughly screwed by Trussterfark and Kamikwasi for many years to come, yet we can't get rid of the idiots that are creating this mess.
A lot of regular people are going to be badly affected by this whilst they ensure the rich are getting richer.

They have to go, we need a new government....

 

[newfhouse]

The Economist agrees with you.

https://www.economist.com/leaders/2...made-britain-a-riskier-bet-for-bond-investors

 

[PaulB]

yet we can't get rid of the idiots that are creating this mess.
A lot of regular people are going to be badly affected by this whilst they ensure the rich are getting richer.

No, we can't get rid of the idiots because there's an army of idiots prepared to do idiotic things to ensure the rich get richer while they get shafted as they're on a promise!

 

[Fab Foodie]

The BOE's move might at least put the pain back onto the Treasury to change direction or bring their plans forward....

 

[newfhouse]

The BOE's move might at least put the pain back onto the Treasury to change direction or bring their plans forward....

Will Kwarteng and Philp feel any pain? Do they have helpful plans to bring forward?

No and no. Thieves and liars being played by even bigger thieves and liars.

 

[Deleted member 49]

Morals lol.

View: https://twitter.com/AdamBienkov/status/1580091542869782528?t=I4in24CGGwuo6E3POBJgzA&s=19

 

[newfhouse]

Richard Murphy has a thread that’s worth reading unless you’re of a nervous disposition, in which case keep telling yourself your own home, job, and pension isn’t affected by any of this.


View: https://twitter.com/richardjmurphy/status/1580083601575907328?s=61&t=Xdd4bfjPeMkz-HrUEIqDdA

 

[mudsticks]

I don't profess to understand the technicalities of the Bond market, but listening to analysis at the start of 'Wake up to money' this morning, none of this sounds positive.

https://www.theguardian.com/politic...russ-uk-government?CMP=Share_AndroidApp_Other

The nation's being thoroughly screwed by Trussterfark and Kamikwasi for many years to come, yet we can't get rid of the idiots that are creating this mess.
A lot of regular people are going to be badly affected by this whilst they ensure the rich are getting richer.

They have to go, we need a new government....

I don't think many of us fully grasp what goes on in 'financial markets'

Hence we don't inquire too deeply.

This is worth a watch / listen, from someone who has been there.


View: https://youtu.be/ViY-zI3b5JQ


And yes a functioning government made up of competent individuals with some degree of integrity would make a refreshing change.

However, it seems the 'Great British Public' prefer 'personalities' over any kind of seriousness, intelligence, or competence though..

So we get this shiteshow, instead.

 

[Beebo]

Morals lol.

View: https://twitter.com/AdamBienkov/status/1580091542869782528?t=I4in24CGGwuo6E3POBJgzA&s=19

The “just send a cheque in” argument is so weak.
The bad guys will never send a cheque in, it has to be a level playing field for everyone, otherwise why bother having compulsory taxation for anything.

 

[newfhouse]

The Torygraph.

 

[Fab Foodie]

The “just send a cheque in” argument is so weak.
The bad guys will never send a cheque in, it has to be a level playing field for everyone, otherwise why bother having compulsory taxation for anything.

Quick enough to send a cheque in to bribe, err sorry, fund the Tories though....