I will send one random follower $250 in 24hrs who retweets this and is following myself & @StevieStacks84 with notifications on 🔔
Cue the "pivot" discussion again, which seem to be gaining traction again. Traders still seem to expect the Fed to back away from rate hiking plans, despite all the rhetoric & evidence to the contrary. Real yields on 10-year Treasuries fell yesterday by the most since March 2020
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The Tory infighting is now so clear and strong that three things are clear. The first is that Truss cannot govern. Second, nor could any other Tory. Third, that means we have, in effect, a hung parliament. A zombie Tory government might exist but not really govern.
BREAKING: Kim Kardashian will pay $1.26 million over SEC allegations that she broke US rules by touting a crypto token without disclosing she was paid for the promotion
Liz Truss really does not understand that millions who at one time worried about how to heat their homes now worry about whether they will still have one
@RenataKonkoly You are assuming that I wish to be popular. I don’t care. I do care that millions of people may die needlessly for an essentially identical outcome.
No this is not the onion. Posted on the WSJ website 15 minutes ago. The whining/demands that the Fed pivot is now getting out of control.
Credit Suisse is not the only major bank whose price-to-book is flashing warning signals. The list below is of all G-SIBs with PtBs of under 40%. A failure of one of them is likely to call the survival of the others into question.
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Truss and Kwarteng tell the OBR to go away as they'd rather blunder on in ignorance and what does the pound do? It loses 2 cents in value as hope disappears again
As I mentioned last evening, @D_Blanchflower and I talked last night about what we would do this morning if we had, by some weird process, been appointed Governor of the Bank of England and Chancellor overnight. Here are some big ideas, in a thread. More will follow….
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