The Time to Buy the Dip Is Fast Approaching — for One Country
-- Investors are looking beyond a looming global recession and they see one country – and its financial markets – emerging strongest on the other side.
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Britain's political and market turmoilNew British finance minister on Monday, two weeks earlier than scheduled. Now do Biden. What a disastrous government start. What a disappointment Ms. Truss has been thus far.
Source: Reuters - 🏆 2. / 97 Read more »
U.K.'s new finance chief warns of 'difficult decisions ahead' amid political and market turmoil“The financial crisis the U.K. currently finds itself in was unfortunately avoidable,” one expert told NBC News. Translation: Social Cuts for the majority, tax cuts for The 1% NBC News fails to understand Cockney rhyming slang 🤣 LW media needs to emphasize more how every single country is dealing with inflation now, it's not unique to USA, not dems fault. EX: if not for bits like ARP, we wouldn't be wondering if 'maybe' we'll have recession, we'd likely already be in DEPRESSION
Source: NBCNews - 🏆 10. / 86 Read more »
New UK finance minister vows to show markets he can fix budgetBritain's new finance minister Jeremy Hunt said he would show investors that he will repair the country's public finances after the original economic plans of Prime Minister Liz Truss triggered a bond market rout. Hunt has no Treasury or Economic experience so safe to assume he will follow whatever Markets want + BoE looking for excuses for their incompetence The new chancellor was a minister for culture and then the NHS Let him now tell the people how he is going to fund a 2yr energy subsidy without borrowing Also to sustain an increasing military spend in war without borrowing In the UK, we investigate someone for admitting to breaching money laundering legislation and then we make him Chancellor. Due Diligence, it ain't.
Source: Reuters - 🏆 2. / 97 Read more »