RE: Interest rate cuts ‘more likely’ after US-Iran deal - The Telegraph15 Jun 2026 13:14
Droverman. Everyone of your posts is spun into a bowl of spaghetti !
Bond traders definitely hold the cards when debt-to-GDP crosses 100%, DM, but it isn't unique to the UK look at the US debt mountain. The markets don't care about political parties; they care about fiscal maths fgs.
The real trigger for the Liz Truss gilt crisis wasn't a BoE conspiracy; it was the sudden introduction of unfunded tax cuts into an already high-inflationary environment, which freaked out the LDI pension funds. The big takeaway from The Daily Telegraph piece today is that the US-Iran peace deal takes the immediate inflation shock off the table. That gives the BoE room to breathe on Thursday, which is inherently positive for capital-intensive miners like GGP and the shareholders. if GGP can replicate even a fraction of that 1930s Homestake mining run during a stagflationary period, we are all going to be very happy holders here.