RE: FTSE futures up, s and p futures up and Nikkei up11 May 2024 13:46
I am not sure his analysis was right, higher interest rates would mean the deficit rising on increasing the bond interest payments,
Sureley if the Gov were serious about reducing their deficit,then cut military spending and military aid to pretend to end other peoples wars, rather than negotiatons, but no ,they prefer to keep military arms contractors busy ,probably the USs biggest exporter.
A very vicious circle.
Or simply sell some of their supposed ,Gold reserves. But that might be difficult ,even if they have not already sold them several times in paper promises.