UK Truss reversal, drops plan to cut UK rate on high earners, NYT

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The markets love it.

So this lady is for turning.

The parliamentarian system is very direct honesty. She had no option but to face the truth of her moves and opinions.

She is doing what is best for the country. She also exposed that she did not know for herself a damned thing about what is best because her ideas are out of whack.

In all honesty regardless of ideology we are in trouble here.

The interest rates swap market might as well be seen as the derivatives market for the global bond market. Truss exposed how on edge they are. They are on edge because of shifts in the credit worthiness of the underlying parties and banks.

The problems are not going to go away. The problems are going to fester and get worse.

Today’s Monday rally is a micro rally. There are a lot of people wish this would be a big buying opportunity.

[quote]The announcement was a major capitulation by the government after the tax cuts it announced roiled financial markets

Although the official version was „we carefully listened to our critics and understood“ :smirk:

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Yep looking for some gain. As if all is reasonable. Meanwhile I have not seen this much damage to the UK economy even with the Brexit.

The real answer/medicine is for the BoE to raise rates. It is called inflation for a reason. :face_with_open_eyes_and_hand_over_mouth: :face_with_open_eyes_and_hand_over_mouth: :face_with_open_eyes_and_hand_over_mouth:

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