If you’re stupid enough to cause a big spike in the cost of borrowing by your government, you end up inflicting all sorts of damage. Why the UK pension system nearly collapsed last week (apart from Truss’ stupidity)
Category Archives: Business & Finance
BoE Will Buy Unlimited Bonds To Stem Crisis. QT Target ‘Unaffected’
Just yesterday, Bank of England Chief Economist Huw Pill said plans to proceed with quantitative tightening would go ahead. It’s not a good idea. UK … BoE Will Buy Unlimited Bonds To Stem Crisis. QT Target ‘Unaffected’
Why the BOE has now intervened over index-linked gilts
This blog was originally published earlier in the year. I’m re posting it as it explains why the Bank of England has had to rescue index linked gilts… Why the BOE has now intervened over index-linked gilts
Fragile older people at greater risk for disasters like Hurricane Ian
Almost all of the dozens of people killed by Ian in hardest hit Lee County were 50 or older, with many in their 70s, 80s and even 90s. Fragile older people at greater risk for disasters like Hurricane Ian
Ascension Tecsol Global Division of Faith Management Solutions 501(c)3 