Forum | So, the BofE are buying our own bonds to 'calm' the markets by homer_123

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So, the BofE are buying our own bonds to 'calm' the markets 11:24 - Sep 28 with 2384 views

you couldn't make this sh*t up.....

'on whatever scale is necessary'....

https://www.bbc.co.uk/news/live/uk-politics-63056188

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So, the BofE are buying our own bonds to 'calm' the markets on 11:34 - Sep 28 with 1842 views

blueislander

That is a ve r y standard procedure for all Central Banks in times of crisis.

So, the BofE are buying our own bonds to 'calm' the markets on 11:40 - Sep 28 with 1822 views

nrb1985

So, the BofE are buying our own bonds to 'calm' the markets on 11:34 - Sep 28 by blueislander
That is a ve r y standard procedure for all Central Banks in times of crisis.

Yes but normally it's to cut borrowing rates because the economy needs stimulating.

This time it's to bail out probably the stupidest economic policy any of us are likely to see in our lifetime.

Worth noting also that most central banks are now selling bonds to make policy more restrictive and calm inflation.

There is nothing standard about what is happening here.

[Post edited 28 Sep 2022 11:41]

So, the BofE are buying our own bonds to 'calm' the markets on 11:48 - Sep 28 with 1783 views

blueislander

So, the BofE are buying our own bonds to 'calm' the markets on 11:40 - Sep 28 by nrb1985

[Post edited 28 Sep 2022 11:41]

Did I not say “in times of crisis”? It is standard procedure for Central Banks to attempt to control the supply and demand for government bonds. As you say the reason for them having to do so now is the crisis that the government has caused .

So, the BofE are buying our own bonds to 'calm' the markets on 12:26 - Sep 28 with 1718 views

JohnTy

So, the BofE are buying our own bonds to 'calm' the markets on 11:48 - Sep 28 by blueislander
Did I not say “in times of crisis”? It is standard procedure for Central Banks to attempt to control the supply and demand for government bonds. As you say the reason for them having to do so now is the crisis that the government has caused .

What makes it worse is that they had on 22nd Sept indicated that they were going to be selling bonds to reduce their holding of gilts by 80 million in the next 12 months.

Total humiliation for Truss. Where is she?

So, the BofE are buying our own bonds to 'calm' the markets on 12:40 - Sep 28 with 1707 views

ElderGrizzly

They were worried about viability of pension funds

So, the BofE are buying our own bonds to 'calm' the markets on 12:56 - Sep 28 with 1668 views

Swansea_Blue

This is QE isn’t it? Half of it goes over my head tbh.

Poll:

Do you think Pert is key to all of this?

So, the BofE are buying our own bonds to 'calm' the markets on 13:00 - Sep 28 with 1651 views

nrb1985

So, the BofE are buying our own bonds to 'calm' the markets on 12:56 - Sep 28 by Swansea_Blue
This is QE isn’t it? Half of it goes over my head tbh.

Yes but at a time that every other bank is embarking on quantitative tightening (QT) because the last thing the economy needs now is more stimulus - as was the BoE (mentioned above they'd be selling bonds) until this insane intervention last week.

They obviously weren't content with inflicting economic sanctions on itself via Brexit.

[Post edited 28 Sep 2022 13:04]

So, the BofE are buying our own bonds to 'calm' the markets on 13:01 - Sep 28 with 1639 views

BanksterDebtSlave

Isn't it just more quantitative easing without calling it that?
Edit....Swanners beat me to it, rebranded QE it is!! Inflationary then. The BoE now have their feet on the brake and accelerator.

[Post edited 28 Sep 2022 17:23]

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So, the BofE are buying our own bonds to 'calm' the markets on 13:02 - Sep 28 with 1636 views

nrb1985

So, the BofE are buying our own bonds to 'calm' the markets on 12:26 - Sep 28 by JohnTy
What makes it worse is that they had on 22nd Sept indicated that they were going to be selling bonds to reduce their holding of gilts by 80 million in the next 12 months. Total humiliation for Truss. Where is she?

I strongly suspect she was too thick to understand what Kamakwasi was putting forward as his policy to begin with and is definitely too thick and not quick enough on her feet to stand up to the intense scrutiny and questioning now.

[Post edited 28 Sep 2022 13:03]

So, the BofE are buying our own bonds to 'calm' the markets on 13:04 - Sep 28 with 1613 views

ElderGrizzly

So, the BofE are buying our own bonds to 'calm' the markets on 13:02 - Sep 28 by nrb1985
I strongly suspect she was too thick to understand what Kamakwasi was putting forward as his policy to begin with and is definitely too thick and not quick enough on her feet to stand up to the intense scrutiny and questioning now. [Post edited 28 Sep 2022 13:03]

They should play this on loop

Telegraph are calling it too today

[Post edited 28 Sep 2022 13:05]

So, the BofE are buying our own bonds to 'calm' the markets on 13:07 - Sep 28 with 1585 views

nrb1985

So, the BofE are buying our own bonds to 'calm' the markets on 13:04 - Sep 28 by ElderGrizzly

They should play this on loop

Telegraph are calling it too today

[Post edited 28 Sep 2022 13:05]

I recall the hustings well - when confronted with this she simply shouted back "this is project fear again" like some 6th form debating club.

A Complete air head without an original thought in her brain and who seems to revel in her own stupidity.

So, the BofE are buying our own bonds to 'calm' the markets on 13:10 - Sep 28 with 1568 views

ElderGrizzly

So, the BofE are buying our own bonds to 'calm' the markets on 13:07 - Sep 28 by nrb1985
I recall the hustings well - when confronted with this she simply shouted back "this is project fear again" like some 6th form debating club. A Complete air head without an original thought in her brain and who seems to revel in her own stupidity.

And nailed by Angela Rayner

[Post edited 28 Sep 2022 13:10]

So, the BofE are buying our own bonds to 'calm' the markets on 13:42 - Sep 28 with 1478 views

giant_stow

So, the BofE are buying our own bonds to 'calm' the markets on 13:04 - Sep 28 by ElderGrizzly

They should play this on loop

Telegraph are calling it too today

[Post edited 28 Sep 2022 13:05]

Mathew Lynn is an uber-prick, who chats utter plop 99% of the time.

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So, the BofE are buying our own bonds to 'calm' the markets on 15:38 - Sep 28 with 1345 views

ElderGrizzly

So, the BofE are buying our own bonds to 'calm' the markets on 13:42 - Sep 28 by giant_stow
Mathew Lynn is an uber-prick, who chats utter plop 99% of the time.

And the IEA spooks who put her into power are now the owner of this

I wonder how all the pensioners who voted in mini-Thatcher feel now?

So, the BofE are buying our own bonds to 'calm' the markets on 15:44 - Sep 28 with 1334 views

nrb1985

So, the BofE are buying our own bonds to 'calm' the markets on 15:38 - Sep 28 by ElderGrizzly
And the IEA spooks who put her into power are now the owner of this I wonder how all the pensioners who voted in mini-Thatcher feel now?

Yep, we were in peril of a Lehman moment from what I understand.

Pension funds take leverage to magnify the marginal gains on low yielding gilts to meet their commitments, but the sell off in gilts was meaning they were in fact having to sell gilts to cover margin calls, ending up a negative feedback loop and vicious circle of gilt price declines.

View from people I've spoken with this morning is that the BoE had no choice but to intervene or face a systemic risk to the whole market and/or a downgrade to Junk later this week.

[Post edited 28 Sep 2022 15:44]

So, the BofE are buying our own bonds to 'calm' the markets on 15:45 - Sep 28 with 1325 views

GlasgowBlue

Time for a general election. And time to take leadership elections away from the members.

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So, the BofE are buying our own bonds to 'calm' the markets on 15:51 - Sep 28 with 1302 views

giant_stow

So, the BofE are buying our own bonds to 'calm' the markets on 15:38 - Sep 28 by ElderGrizzly
And the IEA spooks who put her into power are now the owner of this I wonder how all the pensioners who voted in mini-Thatcher feel now?

Gawd it just gets better.

Their removal is becoming urgent, I guess.

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So, the BofE are buying our own bonds to 'calm' the markets on 15:53 - Sep 28 with 1296 views

homer_123

So, the BofE are buying our own bonds to 'calm' the markets on 15:44 - Sep 28 by nrb1985

[Post edited 28 Sep 2022 15:44]

All of which is self-inflicted....

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Poll:	As things stand, how confident are you we will get promoted this season?

So, the BofE are buying our own bonds to 'calm' the markets on 15:56 - Sep 28 with 1288 views

chicoazul

So, the BofE are buying our own bonds to 'calm' the markets on 15:45 - Sep 28 by GlasgowBlue
Time for a general election. And time to take leadership elections away from the members.

I strongly strongly suspect Truss will be out very soon.

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So, the BofE are buying our own bonds to 'calm' the markets on 15:57 - Sep 28 with 1288 views

ElderGrizzly

So, the BofE are buying our own bonds to 'calm' the markets on 15:51 - Sep 28 by giant_stow
Gawd it just gets better. Their removal is becoming urgent, I guess.

Tory MPs seem to be briefing that Kwarteng going is likely within days, potentially before the conference next week.

If she does that, she probably isn't far behind.

So, the BofE are buying our own bonds to 'calm' the markets on 15:59 - Sep 28 with 1277 views

ElderGrizzly

So, the BofE are buying our own bonds to 'calm' the markets on 15:53 - Sep 28 by homer_123
All of which is self-inflicted....

Even Truss's biggest supporters are saying that today.

Tick tock..

So, the BofE are buying our own bonds to 'calm' the markets on 16:03 - Sep 28 with 1250 views

Churchman

So, the BofE are buying our own bonds to 'calm' the markets on 15:44 - Sep 28 by nrb1985

[Post edited 28 Sep 2022 15:44]

So you don’t think Kwarteng begging the markets to be nice is going to work then?

You couldn’t make this up. These mugs have been at the helm what, 20 days? Much of that time was in limbo because of the Queen’s death. So in reality they’ve walked in the door, taken an already fragile economy and flushed it down the toilet. They’ve done such a good job that everything is at risk, including pension funds.

The very least the two clowns should do is resign immediately, this afternoon, and abandon their unfunded, fag packet mini budget. Anything they announce will have no credibility and make a dire situation worse so the sooner they go the better.

After that, a coalition govt should be formed to come up with some sane, coherent policies and actions to stabilise things, while agreeing a GE date in November.

One interim policy I’d be for is an intention to apply to join the single market/customs Union. It’s time for swivel eyed pride to be put aside. It’s time to put peoples jobs and futures first..

So, the BofE are buying our own bonds to 'calm' the markets on 16:08 - Sep 28 with 1233 views

StokieBlue

So, the BofE are buying our own bonds to 'calm' the markets on 15:45 - Sep 28 by GlasgowBlue
Time for a general election. And time to take leadership elections away from the members.

Glad to see you've come round :).

SB

So, the BofE are buying our own bonds to 'calm' the markets on 16:09 - Sep 28 with 1227 views

nrb1985

So, the BofE are buying our own bonds to 'calm' the markets on 16:03 - Sep 28 by Churchman

The man who helped write a book called "Britannia Unchained", going on his knees, cap in hand to a load of American financiers to ask them not to bet against the pound and willfully lose money to help him out.

The irony would be delicious if it wasn't so sad.

So, the BofE are buying our own bonds to 'calm' the markets on 16:16 - Sep 28 with 1186 views

Churchman

So, the BofE are buying our own bonds to 'calm' the markets on 16:09 - Sep 28 by nrb1985
The man who helped write a book called "Britannia Unchained", going on his knees, cap in hand to a load of American financiers to ask them not to bet against the pound and willfully lose money to help him out. The irony would be delicious if it wasn't so sad.

They have created a financial crisis of massive proportions. It’s totally unacceptable. Starmer and the opposition need to pin them to the wall over this.

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