| Gilt markets at breaking point 17:26 - Nov 6 with 8182 views | onceablue |
Didn’t take long for the Labour market to ruin the economy
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| Gilt markets at breaking point on 17:32 - Nov 6 with 5391 views | SuperKieranMcKenna |
My bond and gilts have not reacted well. There was plenty of warning to Labour of the potential impact of additional borrowing:
https://www.reuters.com/world/uk/next-uk-government-faces-credit-rating-challeng
For balance though these are really issues stored up by the last Government(s) who racked up a record national debt, with nothing to show for it. Labour could have minimised the impact by taxing, not borrowing but backed themselves into a corner with their pre-election rhetoric. | | | |
| Gilt markets at breaking point on 17:33 - Nov 6 with 5369 views | BanksterDebtSlave |
Is this a debt slavery thing. It's almost like the markets have us all by the balls. |  |
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| Gilt markets at breaking point on 17:34 - Nov 6 with 5362 views | GlasgowBlue |
We're not far from Truss levels are we? Got to feel sorry for people with mortgages. |  |
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| Gilt markets at breaking point on 17:54 - Nov 6 with 5237 views | Swansea_Blue |
| Gilt markets at breaking point on 17:32 - Nov 6 by SuperKieranMcKenna |
My bond and gilts have not reacted well. There was plenty of warning to Labour of the potential impact of additional borrowing:
https://www.reuters.com/world/uk/next-uk-government-faces-credit-rating-challeng
For balance though these are really issues stored up by the last Government(s) who racked up a record national debt, with nothing to show for it. Labour could have minimised the impact by taxing, not borrowing but backed themselves into a corner with their pre-election rhetoric. |
I daren’t look at mine. I’ll give it a few weeks for things to hopefully settle down. Things were performing pretty well over the last couple of months, so hopefully it’ll all the bumps will smooth out over time 🤞 |  |
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| Gilt markets at breaking point on 05:04 - Nov 7 with 4699 views | Zapers |
I guess it's handy to partially blame the US election, but I don't think reeves needed much help in the way the markets have reacted to the budget.
Her nightmare is about to continue unfolding. Goldman Sachs has slashed it's forecast for British and European economic growth next year amid fears Trump will slap taxes on imported goods from around the world.
No wonder Starmer sent 100 labour staffers to try to help the Harris campaign in the swing states. That went well;)))
So we can expect more trouble ahead for the bond market. As someone else mentioned on this thread, reeves backed herself into a corner, she thought she was being smart, she wasn't, and isn't. Likely hood is that interest rates could go up again, and of course that affects mortgages. Oh and of course expect inflation to rise. As a result of NI and MW. The price of goods will increase, and I'm pretty sure the so called benefits to the economy will not materialise.
More debt, more problems. Governments cannot keep borrowing billions when there is little chance of ever reducing this debt. It's been strongly mooted that reeves will have to increase taxes further during this term, in order to cover this debt she proposes.
But of course the working class wont be affected | | | |
| Gilt markets at breaking point on 08:31 - Nov 7 with 4429 views | positivity |
| Gilt markets at breaking point on 05:04 - Nov 7 by Zapers |
I guess it's handy to partially blame the US election, but I don't think reeves needed much help in the way the markets have reacted to the budget.
Her nightmare is about to continue unfolding. Goldman Sachs has slashed it's forecast for British and European economic growth next year amid fears Trump will slap taxes on imported goods from around the world.
No wonder Starmer sent 100 labour staffers to try to help the Harris campaign in the swing states. That went well;)))
So we can expect more trouble ahead for the bond market. As someone else mentioned on this thread, reeves backed herself into a corner, she thought she was being smart, she wasn't, and isn't. Likely hood is that interest rates could go up again, and of course that affects mortgages. Oh and of course expect inflation to rise. As a result of NI and MW. The price of goods will increase, and I'm pretty sure the so called benefits to the economy will not materialise.
More debt, more problems. Governments cannot keep borrowing billions when there is little chance of ever reducing this debt. It's been strongly mooted that reeves will have to increase taxes further during this term, in order to cover this debt she proposes.
But of course the working class wont be affected |
not-as-funny-as-paz-ers repeating the same old lies debunked in another thread. typical | |
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| Gilt markets at breaking point on 08:35 - Nov 7 with 4410 views | GlasgowBlue |
| Gilt markets at breaking point on 08:31 - Nov 7 by positivity |
not-as-funny-as-paz-ers repeating the same old lies debunked in another thread. typical |
Why do you keep calling him Paz across multiple threads? Their style of posting is completely different. | |
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| Gilt markets at breaking point on 08:39 - Nov 7 with 4377 views | positivity |
| Gilt markets at breaking point on 08:35 - Nov 7 by GlasgowBlue |
Why do you keep calling him Paz across multiple threads? Their style of posting is completely different. |
i'm specifically saying he's not paz, how would you say his posts differ from our erstwhile rabid right-winger?
general consensus seems to be, not as unintentionally amusing. | |
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| Gilt markets at breaking point on 09:08 - Nov 7 with 4199 views | ElephantintheRoom |
US markets are in overdrive.
Quick Buck makers don’t care about the country. | |
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| Gilt markets at breaking point on 09:10 - Nov 7 with 4218 views | Zapers |
| Gilt markets at breaking point on 08:35 - Nov 7 by GlasgowBlue |
Why do you keep calling him Paz across multiple threads? Their style of posting is completely different. |
I don’t think his father will allow his 5 year old to play with his phone for much longer, hopefully. | | | |
| Gilt markets at breaking point on 09:19 - Nov 7 with 4148 views | DJR |
It is to be noted that US 10 year gilts have risen about 60 basis points since mid-September as have UK 10 year gilts, and they currently stand at around the same level. |  | | |
| Gilt markets at breaking point on 09:30 - Nov 7 with 4067 views | DanTheMan |
| Gilt markets at breaking point on 08:39 - Nov 7 by positivity |
i'm specifically saying he's not paz, how would you say his posts differ from our erstwhile rabid right-winger?
general consensus seems to be, not as unintentionally amusing. |
I don't think Paz was any wing. At best you could describe them as anti-authoritarian. |  |
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| Gilt markets at breaking point on 09:38 - Nov 7 with 4012 views | Zapers |
| Gilt markets at breaking point on 09:19 - Nov 7 by DJR |
It is to be noted that US 10 year gilts have risen about 60 basis points since mid-September as have UK 10 year gilts, and they currently stand at around the same level. |
And your point is? | | | |
| Gilt markets at breaking point on 09:40 - Nov 7 with 3985 views | positivity |
| Gilt markets at breaking point on 09:30 - Nov 7 by DanTheMan |
I don't think Paz was any wing. At best you could describe them as anti-authoritarian. |
fair enough; in my dealings with him he was being pretty right-wing, but he had long spells on the ignored list, so i may not have the full picture! | |
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| Gilt markets at breaking point on 09:42 - Nov 7 with 3964 views | positivity |
| Gilt markets at breaking point on 09:10 - Nov 7 by Zapers |
I don’t think his father will allow his 5 year old to play with his phone for much longer, hopefully. |
ah, the old "repeat lie then obfuscate" one-two, typical zap! | |
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| Gilt markets at breaking point on 09:55 - Nov 7 with 3901 views | OldFart71 |
Reeves should have reversed at least one of the two 2p cuts in N.I. the Tories made. The fact is the whole world is in debt. The UK cannot afford to give money to Countries like India who are ahead of us wealth wise. America has for many years been difficult to sell goods to although judging by a lot of the goods you buy over there such as baseball caps most seem to be made in China. The problem is just like our outlets they can buy goods for a fraction of the price from many parts of the World who have either slave labour or very close to and then sell these goods for extortionate prices in their shops. Also it has to be a question that by continually raising minimum wages or any wages for that matter only leads to increased prices. Britain was a powerhouse in the Industrial Revolution as wages were poor, work was hard and goods were produced by huge quantities.As Andy Burnham said what Labour needs to do is build more Council housing. When I was a kid only people with very well paid jobs or those that owned land or had vast fortunes passed on to them had their own houses everyone else lived in Council Houses or tied Cottages if for instance they worked on a farm. Now it looks like America will put huge tariffs on imported goods we will need to sell more to other Countries. But many including those in Europe are in more of a mess than we are. | | | |
| Gilt markets at breaking point on 12:00 - Nov 7 with 3665 views | GlasgowBlue |
| Gilt markets at breaking point on 08:39 - Nov 7 by positivity |
i'm specifically saying he's not paz, how would you say his posts differ from our erstwhile rabid right-winger?
general consensus seems to be, not as unintentionally amusing. |
I don't think Zappers belongs to any particular wing. And these old lables don't really work in modern politics.
Just because somebody had different views to you or I, does't mean we should give them l;ables. If we have learned anything from the past 10 years is we need to engage with people that we don't always agree with. | |
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| Gilt markets at breaking point on 12:12 - Nov 7 with 3614 views | positivity |
| Gilt markets at breaking point on 12:00 - Nov 7 by GlasgowBlue |
I don't think Zappers belongs to any particular wing. And these old lables don't really work in modern politics.
Just because somebody had different views to you or I, does't mean we should give them l;ables. If we have learned anything from the past 10 years is we need to engage with people that we don't always agree with. |
fair comment, i do try and engage, but i'm constantly met by refusals to answer questions and deflections then further lies after he's been corrected on other threads. there's never any evolution, or attempts to engage the other way.
it's like arguing with koont on that basis.
as for being right wing, i think zap is definitely on the right, i don't think anyone would argue he is otherwise (including him!) | |
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| Gilt markets at breaking point on 12:25 - Nov 7 with 3544 views | The_Flashing_Smile |
| Gilt markets at breaking point on 17:34 - Nov 6 by GlasgowBlue |
We're not far from Truss levels are we? Got to feel sorry for people with mortgages. |
If it's as bad as you're saying, why is there nothing on the news about it? All I can see on the BBC news website re our economy is a cut in the interest rates. |  |
| Trust the process. Trust Phil. |
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| Gilt markets at breaking point on 12:34 - Nov 7 with 3493 views | Keno |
That is a little misleading as 15 year Gilts have hardly fallen from the "truss highs' and are actually slightly lower than 3 months ago
2 other notable comments
1, We seems to have moved away from an 'inverted yield' situation which would indicate some 'normally' is returning to markets
2, and this is a big one which is easy to over look. Since 2008 we have been in what is effectively a command economy with interest rate articially surpressed by qualitative easing and other measure. We have got use to 'free money' and, as painful as it is, that has to change |  |
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| Gilt markets at breaking point on 12:38 - Nov 7 with 3469 views | StokieBlue |
| Gilt markets at breaking point on 12:25 - Nov 7 by The_Flashing_Smile |
If it's as bad as you're saying, why is there nothing on the news about it? All I can see on the BBC news website re our economy is a cut in the interest rates. |
Gilts are down today.
He will be back tomorrow if they are up again. Facts aren't really important to him, just partisanship and ideology.
SB |  | | |
| Gilt markets at breaking point on 12:41 - Nov 7 with 3443 views | Zapers |
| Gilt markets at breaking point on 12:25 - Nov 7 by The_Flashing_Smile |
If it's as bad as you're saying, why is there nothing on the news about it? All I can see on the BBC news website re our economy is a cut in the interest rates. |
I suppose the cut in interest rates is your barometer for saying everything is hunky dory.
It must be bliss to live in your world  | | | |
| Gilt markets at breaking point on 12:49 - Nov 7 with 3395 views | The_Flashing_Smile |
| Gilt markets at breaking point on 12:41 - Nov 7 by Zapers |
I suppose the cut in interest rates is your barometer for saying everything is hunky dory.
It must be bliss to live in your world |
Where did I say that? | |
| Trust the process. Trust Phil. |
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| Gilt markets at breaking point on 14:21 - Nov 7 with 3169 views | WeWereZombies |
| Gilt markets at breaking point on 09:55 - Nov 7 by OldFart71 |
Reeves should have reversed at least one of the two 2p cuts in N.I. the Tories made. The fact is the whole world is in debt. The UK cannot afford to give money to Countries like India who are ahead of us wealth wise. America has for many years been difficult to sell goods to although judging by a lot of the goods you buy over there such as baseball caps most seem to be made in China. The problem is just like our outlets they can buy goods for a fraction of the price from many parts of the World who have either slave labour or very close to and then sell these goods for extortionate prices in their shops. Also it has to be a question that by continually raising minimum wages or any wages for that matter only leads to increased prices. Britain was a powerhouse in the Industrial Revolution as wages were poor, work was hard and goods were produced by huge quantities.As Andy Burnham said what Labour needs to do is build more Council housing. When I was a kid only people with very well paid jobs or those that owned land or had vast fortunes passed on to them had their own houses everyone else lived in Council Houses or tied Cottages if for instance they worked on a farm. Now it looks like America will put huge tariffs on imported goods we will need to sell more to other Countries. But many including those in Europe are in more of a mess than we are. |
If the United States puts 'huge tariffs' on imports that will be of benefit to the United Kingdom, we will find situations in which we are the preferred customer ~ which will, in turn, give us opportunities to strike mutually advantageous trade deals to boost our exports.
Blimey, all we needed to make Brexit work and get it done was for the USA to elect a nutjob. |  |
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