Britain turning into a submerging market

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Wd40: Director; Posts: 4639; Joined: Tue, 04 Dec 2012 10:53 am; Answers: 1; Location: SIndiapore

Britain turning into a submerging market

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Post by Wd40 » Sun, 25 Sep 2022 6:25 pm

https://www.bloomberg.com/news/articles ... k-policies

Liz Truss's govt cut taxes for the rich at a time when inflation is double digits. Pound sank 3% in one day and UK GILTs yields rose by 50bps. UK is turning to a submerging market.

I cant believe they chose Liz Truss over Rishi Sunak. This would go down as the biggest blunder in their history.

malcontent: Manager; Posts: 2878; Joined: Sat, 22 Dec 2007 11:52 am; Answers: 9; Location: Pulau Ujong

Re: Britain turning into a submerging market

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Post by malcontent » Wed, 28 Sep 2022 1:33 pm

Looks like mostly media hype. Trickle down economics is not as bad as socialists make it out to be.

It is impossible for a man to learn what he thinks he already knows - Epictetus

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