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UK Gilts up 11bps too..... seemingly bondholders suddenly now betting BoE will struggle to make rate cuts to support UK economy because else it'll trigger £ to fall further against to $ as cutting would cause significant inflation to resume. BoE is going to really struggle to grapple with this conundrum... cut rates to support business and home but see inflation soar again? Or hold and watch on as UK businesses and homeowners feel yet more pain.
What deflation Savage?
Regarding your other post, when the US catches the cold (debt crisis/banking crisis ) and it is a matter of when, its going to make the financial crisis look like shallow dip
As for what this could mean for CPI... Well deflation tends to inspire those with a lack of economic understanding to demand aggressive spending cuts... they'll likely claim the 'sick patient is to be cured with blood letting'...
Standard knee jerk reaction from the markets…will soon bounce back.
I don't agree Trisor... USA economy is vastly bigger than that of any other nation and just the same as an individual has access to a bigger Credit limit with their higher monthly salary the same is true for a nation too. USA is not suffering from a 'lack of demand' crisis which would deliver inevitable deflation... Biden & democrats have successfully reinvigorated US employment, people have jobs and working classes have seen salary uplifts...with this they're inevitably going to deliver spend and deliver real growth. Contrast that with UK where the 1% has siphoned off wealth for investing into slow growth bonds, meanwhile the queues grow ever larger at the local foodbank and more businesses report falling demand, inevitably leading to deflation and redundancies. I think the US inflation figs proving stubborn are not a failure of monetary policy but they'll prove to be robust due to a decent level of demand. Yes, USA needs to tackle debts but that's best done with growth leading the way to paying down the debts.
Savage Keyboard America is in a whole heap of trouble. I would imagine the true inflation rate is far higher than they are letting on. They are adding 1 trillion of debt every 90 days and thats with a supposed 3.5% unemployment rate. Now you would have thought that close to nil employment would crate enough tax rate to ensure such debt would not have to be created. How they have kept it going I dont know but Bidenomics is a total S.Show and the US is on the brink. Watch for more regional bank failures . Im reasonably well diversified in a number of asset classes
UK GDP Figs released by ONS on Fri 12th... something to 'look forward to'?.. Sadly, I think not and I feel we're going to see USA sprint ahead this summer ahead with UK increasingly feeling the pain. Property market is looking especially vulnerable with advertised asking prices completely out of touch with fiscal reality.
@JG Understand but temporary unless some regional US banks start failing !
Well... I did foretell.. previously I said:
"Makes UK look weak and flaccid. USA is back in business, growing and the US Dollar is only going to build in strength throughout this year ahead."
Trisor
I think we're now more likely to have a really poor follow on day tomorrow if US markets finish like their futures are now. So sick and tired of them, they make more on their rises, and ensure we lose more on their losses.
Absent anything else , traders will go back into "anticipating rate cut mode" and we should see a recovery
US inflation came in at 3.5% so they expecting higher rates for longer.
Really does get quite boring that the inflation data dictates the market direction for the month.
Totally agree Mr NO FEAR, the ftse 250 was bubbling along nicely earlier, well over 100 pts and now heading south, for no other reason than the bloody Dow. BTW thanks for the recent info you posted. An interesting and informative read.
Bloody hate those yanks and those algorithms that somehow feed through the world main stock markets
It's sickening the impact they have on everyone else, and everytime our small and midcaps are making a bit of progress.
Check the US market.
Mega drop of 600 drops in one go.
The Yanks are eating up cpi and other stocks rises as I post this to you.
Another sell off taking place in the US.
Day traders, 5% profit takers , MM’s and the knobs across the pond have screwed this share price - hundreds of trades every day “just in case” they feel they are missing out ffs - imagine what it would be if they left it alone
Exactly everytime we're having a good day here. So sick of them
Must be to do with the CPI report-everything has tanked
Here we f-----g go again, a good day will be ruined by the US accross our equities. FFS.
What's the betting the US funds will sell us off now
Think it’s fair to say there’s ongoing work on renewals going on and every win helps. New wins would be a stronger indicator. Sentiment appears to have changed so whilst not expecting the lights to be blown, high teens should be achievable short to medium term
I’d like to see 20 !
Has 13 gone now forever lol 😆 imho I see 15 today
Look now 😜