PART 1 OF 2 PARTS Oh, sorry, not fashion models…I meant the UK’s monetary, fiscal and pension funding models, which the “working level” geeks who manage them usually reduce to mathematical models. Only the perverse (and tabloid editors) think watching fashion models fight would be entertaining. Or so I am told.
The U.S. FOMC has used models with post Covid data of questionable quality to keep raising rates and therefore the dollar forcing the world to follow with higher rates and faltering growth.
I just hope this is as easy to turn around as everyone thinks.
The demographics might argue “no”, but that is not in the models!
Interesting too, how the rest of the financial press isn’t doing much reporting on the contagion the UK ‘s tax break caused . Come on NYTimes, Bloomberg, WSJournal wake up. I confess I haven’t seen what your former employer the FT had to say about the mess.
Thanks for the explanation of the near crash in the London bond market . Serious indeed if a Tory govt had to roll back a tax break for their hard core supporters to restore some semblance of responsible policy . I would like to have the NSA ‘s surveillance assets to know how much pressure was applied by other central banks and international politicians to force the reversal. The plunge in US equities seems to have been reversed by the return to what passes for prudence these days on the part of the UK. But the fact their irresponsible action was contagious and threatened international markets underscores the vulnerability of an over leveraged world financial system. Look forward to part 2.
Lots to think about with this one!
The U.S. FOMC has used models with post Covid data of questionable quality to keep raising rates and therefore the dollar forcing the world to follow with higher rates and faltering growth.
I just hope this is as easy to turn around as everyone thinks.
The demographics might argue “no”, but that is not in the models!
Like that Headline ! Worthy of Rupert and the London Tabs!
Interesting too, how the rest of the financial press isn’t doing much reporting on the contagion the UK ‘s tax break caused . Come on NYTimes, Bloomberg, WSJournal wake up. I confess I haven’t seen what your former employer the FT had to say about the mess.
Thanks for the explanation of the near crash in the London bond market . Serious indeed if a Tory govt had to roll back a tax break for their hard core supporters to restore some semblance of responsible policy . I would like to have the NSA ‘s surveillance assets to know how much pressure was applied by other central banks and international politicians to force the reversal. The plunge in US equities seems to have been reversed by the return to what passes for prudence these days on the part of the UK. But the fact their irresponsible action was contagious and threatened international markets underscores the vulnerability of an over leveraged world financial system. Look forward to part 2.