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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (135154)10/13/2022 9:51:38 AM
From: Goose94Read Replies (1) | Respond to of 203363
 
HUV-T: Blame Game In The UK

Fingers are being pointed in every direction and nobody seems quite sure if, or who, someone in a position of power will blink in the face of market turmoil. Most incredibly, when asked about what happens after tomorrow when the Bank of England is scheduled to wrap its bond-buying program, Chancellor Kwasi Kwarteng told Sky News it will be “a matter for the governor (Andrew Bailey, of the Bank of England).” Our Bloomberg partners have some thorough reporting on how margin call-fuelled selling by U.K. pension funds is rippling across global trading desks. And, earlier this morning, Bloomberg reported government officials are talking about how they can reverse Prime Minister Liz Truss’s unfunded tax-cut plan that triggered the chaos a few weeks ago.

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