Member Info for Darth.Trader

Is tumbling in to a full-blown sovereign debt crisis..

https://www.independent.co.uk/voices/liz-truss-kwarteng-debt-crisis-andrew-bailey-b2200933.html

DYOR

Fakey bullaca...

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GONE LONG @ 48.889p..

idiot...
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Mr Wolf...what are the chances of "stagflation"..??
Cheers..

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Bank of England Chief Economist Huw Pill signals interest rates are likely to rise sharply in November..

https://twitter.com/business/status/1580191600722214912
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day trade TA - looking oversold..

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""are there really that many dumb people out there""

well it is a Tory govt with a majority so....

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LOL, another bit of tack they can sell down the Tory souvenir shop a two person drinking mug, called a U-Bend..

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Bailey likes to play the poker face or make out its worse than it is...only this time crying wolf will come back to bite us all...

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Come the 31st Kwasi Krueger will leave some with large brown claw like marks in there under crackers….

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Investors wary after Bank of England says pensions help to end..

Investors remained nervous after the Bank of England insisted its emergency bond-buying scheme would end this week, dismissing reports it may be extended.

It said the help would end on Friday "as it made clear from the outset".

The Bank is buying bonds to stabilise their price and prevent a sale which could put some pension schemes at risk.

Bond sales rose after the clarification with borrowing costs almost as high as when the Bank first stepped in to calm market turmoil after the mini-budget.

Chancellor Kwasi Kwarteng's plans for huge tax cuts without a clear indication of how they would be paid for sparked a dramatic reaction on financial markets last month. The pound fell to a record low and bond prices also fell sharply forcing the Bank of England to step in to stop their price falling further.

On Tuesday evening Andrew Bailey told pension funds: "You've got three days left now and you've got to sort it out."

The pound initially fell sharply against the dollar before steadying, after Mr Bailey's surprisingly blunt statement, which dashed hopes the support could be extended.

Mr Bailey told the BBC he had stayed up all night to try and find a way to calm markets and said the Bank was doing everything it could to preserve financial stability, but said it had always been clear that the help would be temporary.

read more;
https://www.bbc.co.uk/news/business-63223894
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Livestock not sure what PI's expected when the buyback had finished; however I would say we are witness to events that go far beyond any other crash...
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https://propertyindustryeye.com/house-prices-set-to-plunge-by-up-to-25-city-analyst-warns/
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""Will this put the brakes on interest rates rise""

no, worse to come...
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Just to add.. It's like the lunatics had taken over the asylum....
What a mess, UK Plc fire sale, impending housing crash, inflation, BoE in the toilet...plus we still got kwasimodo putting hisballs on an abacus ffs..
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Mach.. lol. Maybe then again i recall all the young saying they would vote for Corbyn, but i suppose if rolled up the manifesto, lit it, then smoked it then hey..thats some good ****...!
ALL politicians are the same, self serving ****s...
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https://news.sky.com/story/bank-of-england-governor-signals-no-extension-to-bond-buying-aid-for-pension-funds-12718242

The Bank of England's governor has ruled out extending its bond-buying support for pension funds beyond Friday's deadline, prompting a dramatic fall in the value of the pound.
DYOR

Look on the bright side, govt, lloy will become the biggest landlord in the UK..
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Skier1..
Things are about to go from one extreme to another...
DYOR