https://external-preview.redd.it/R1Qs6-rIKvuYVQzHCwmQH10kQCM4z8XHNK63bMzYrBs.png?auto=webp&s=f0bcd9aaa24f6f1a337549c29bc142d1a9352435
Bank of England has explained what happened last 27th Sep, when it was forced to intervene the gilt market (indirectly bailing out all the pension funds…)
So that quick, ah? Current 30 YR Gilt is yielding at 4.3%, if it goes back again to 5% byebye UK Economy and welcome again to the Great Financial Crisis 2.0
What are your bets then? UK has no alternative now. If inflation keeps rising, which will do as per the latest sentiment released this morning, the BoE can’t rise interest rates agressively bcuz it will break down the whole UK economy…but if the BoE does nothing… it will break down the whole economy equally.
[30YR Chart](https://snipboard.io/nN2q8J.jpg)
🙂 Fucked up!
View Reddit by JournalistFew2794 – View Source
LEARN ABOUT: Investing During Inflation
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
Can someone translate to degen language?
ECB meeting accounts released just now look like they’re projecting even further inflation, though it is slowing. Raising 75 bps in upcoming interest rate hike.
Definitely doesn’t look promising for them
making good money shorting GBP. I had slept on it for too long, was worried about the volatility. But making 5-10% daily is hard to argue against.