The opinions expressed in this article are solely those of the author and do not reflect the views and opinions of Brigham and Women’s Hospital or Harvard Medical School.
John, worrying signs in the Repo market. Over subscribed in the last few days with rates going up. One of the biggest if not the biggest knocking at the door for some quids is HSBC - surprise surprise. Fed is losing control now.....all becoming increasingly irrelevant - a rat cornered, at low rates, into a coming crisis.
Boomer was/is nothing to do with Lloyds fundermentals, hasn't been for years. Ignoring world econ fundermentals ain't advisable. Plc fundermentals will now change going into the future.
When bullets fly - you duck. No one gives a chit about fundermentals - wealth & health preservation.
C19 is the pin. If it weren't, something else down the pipeline.