Thursday, March 30, 2023

The Demise of The Dollar? - BOLLOCKS!


 

China, Russia and few morons on Twitter who claim to be "experts", are becoming very excited over the alleged demise of the Dollar and the shift to paying for things in the Yuan.

Rest assured, the Dollar isn't going anywhere anytime soon.

Think carefully people, the Euro has been around for a few years now and has barely made a pin prick into the Dollar's tough elephantine hide!

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Tuesday, March 28, 2023

France's Billion Dollar Cum-Cum Tax Fraud - Ooh La La!

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Friday, March 24, 2023

Lagarde Delivers The Kiss of Death To Deutsche

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Thursday, March 23, 2023

Bank of England Increases Rates by 0.25%

The Bank of England has increased rates by 0.25% to 4.25%, nd stated that more will be done if inflation persists.

I am bound to ask, given that inflation is over 10% exactly what signal do they need to increase rates more seriously?

I wonder if they know that their target for inflation is meant to be 2%?

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Wednesday, March 22, 2023

Inflation Hits 10.4%

Inflation has risen from 10.1% to 10.4% against and expectation of it falling to 9.9%.

One of the key reasons for the rise was restaurants and hotels.

However, irrespective of where the root causes lie, it is clear that Bailey and his cronies at the Bank of England are woefully failing in their jobs. Remember, the Bank of England is meant to keep inflation at around/below 2%! 

It is high time that Bailey and his cronies are sacked!

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Monday, March 20, 2023

UBS Buys Credit Suisse For $3.25BN


 

Credit Suisse has been taken over by UBS for $3.25BN, the shareholders (who did not get to vote about the deal) have taken a 70% haircut.

Central Banks have agreed $100BN credit line.

It has been a long time coming but, as this thread explains, the demise of Credit Suisse is hardly a surprise.

It is likely that other European banks are also on the precipice.

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Thursday, March 16, 2023

Shenanigans Alert!


 

With the chaos surrounding SVB and the fall then 40% rise in Credit Suisse sending spasms around the global financial markets, I foresee shenanigans ahead.

It is looking likely that $2 trillion could be injected into the US banking system by the Federal Reserve's emergency loan program, and that central banks will call a halt to ever increasing rate rises (save today's ECB rate rise which is expected to be 0.5%).

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Wednesday, March 15, 2023

#Budget2023

BUDGET 2023: 

* Free childcare for 1 & 2s - £4bn 

* Multi-billion business tax breaks - £7bn 

 * £2,500 energy price guarantee extended for 3 months - 3bn 

* Fuel duty frozen & 5p cut extended - £6bn 

* Pensions allowance up to £1.8m 

* Defence spending up by £5bn

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#Budget2023 Live

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Monday, March 13, 2023

Bank Shares Tank in US

 

Bank shares are tanking in the US, trading in some shares halted.

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HSBC Buys SVB UK for £1

Seemingly UK taxpayers won't get shafted. However, the meaning of the word "facilitated" is not entirely clear.

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Friday, March 10, 2023

SVB Goes Tits Up

The contagion panic appears, thusfar, to be overdone.

 

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Thursday, March 02, 2023

Bailey Is Worse Than Worthless!


 

Bailey has made a complete clusterfuck of communicating the Bank of England's intentions, as can be seen from the very mixed headlines.

He, and his cronies on the MPC, have forgotten (if they ever knew) that central banks are meant to give clear guidance as to what their policies are and their expectations for the future. 

Bailey has achieved none of this, instead he confuses the markets leaving them to look at goat entrails to determine what may/may not be happening.

It is high time Bailey was sacked!

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Wednesday, March 01, 2023

The UK's Lost £50BN

 


£50BN is the estimated value of lost ("dormant assets") and forgotten bank accounts, savings products, pensions, and investments in the UK.


Seemingly 20 million people have mislaid these assets.

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