UK Bond Market Meltdown - Bank of England Intervenes

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This live stream is in response to today's announcement by the Bank Of England (BoE). This is a critical announcement as it is an attempt to stop contagion triggered by the severe fall in UK government bonds. In this live stream, I will discuss the problems that we face, what the Bank is doing and why.
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Опубликовано:

27 сен 2022

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Комментарии : 327

@kevocos Год назад

Rishi Sunak is grabbing his popcorn right now

@T-T-T-888 Год назад

😂I can actually picture him sitting on the couch with a box of popcorn but can’t work out if he is happy or disgusted or relieved

@kevocos Год назад

Ugg slippers and dressing gown donned, curtains pulled and Bloomberg 24/7 on the 72". The wife and kids won't hear a word out of him until the weekend.

@nickw8071 Год назад

Watching in glee of the damage he’s done…. His printing money and support for oppressing the population and economy in lock downs set this going

@XORTION Год назад

Tbh he did say not to do it it would cause a crisis, and his government vote against him… so this shows the government’s don’t have a clue

@ravon1982 Год назад

@@XORTION this shows its all part of the plan. we cant have a reset if the old debts are hanging around. problem reaction solution comes to mind. CBDC and UBI are just around the corner

@wunfungchan2649 Год назад

Ramin, the uk may be an economic mess, but at least the dire context has has allowed you to produce your best live stream yet. The plain speaking ... I like it!

@tonydixon9579 Год назад

100% agreed. Angry Ramin is better than the usual, on the fence, PC vanilla version! At least something good''s come out out this complete s£!5show

@kingcoffee3005 Год назад

Fully agree, well said!

@nathwak Год назад

this was a real pleasure to watch - thank you

@aatsw Год назад

Impressive and incredibly well explained. Well done!

@robertallan4489 Год назад

Good of you to have addressed this. Few commentators on the UK that I follow have anything to say about it.

@Bobsbud100 Год назад

Can you recommend any more channels similar to this one please? ✌️

@joolsc4150 Год назад

Ramin - I think your updates are amazing. I truly appreciate your explanations of what is happening. Thankyou for the work you put into this

@alinaqvi2638 Год назад

BOE needs to raise the interest rates ASAP.

@cathrynm Год назад

They need to raise rates, but they can't, so they don't.

@cathrynm Год назад

@fjcruiserdxb There's liquidity, there will be a buyer for bonds -- if the price is low enough. That's not the problem.What is going on is at higher rates the pensions are insolvent. To have high rates, the UK has to either let the pensions fail, or bail them out, or not have high rates.

@cathrynm Год назад

@fjcruiserdxb Oh, that's grim.

@TDubya811 Год назад

BoE probably need to raise 1.5%. Or at least they need to be raising at least 0.75% to match the Fed at 3.0% now and another 0.75% in November. But really they should be thinking about getting ahead of of the FED and just going for an immediate 2.0% rise, rather than playing catch up.

@kylejoseph225 Год назад

Inflation isn't an accident, it's intentional. Why would the government cut spending and pay down the debt when they can just inflated it away, and blame someone else for the inflation.

@feliciaflinders Год назад

Excellent explanation. Love this bit... if your pension goes bust , oh yes it will affect us all. And mortgage rates going up

@taaaac Год назад

You are going to lose either way. It's trading cost of living for pensions and bailing out the funds.

@TonyStawBridgeClass Год назад

So these pension funds are basically run like a leveraged investment. The market has turned against them far more than they expected and so they have to sell to meet the margin call.

@baconbits9 Год назад

I have a hard time faulting the current government for not following the standards set by previous governments which are vastly more important to the volatility that we just saw. Managing expectations and convincing everyone that budgets are responsible when they are not is not somehow more righteous, and the current issues with the UK, Japan, China, the EU and the US can be traced to decades of making irresponsible budgets sound responsible. This is not a crisis of a single bad budget but a crisis of the fact that things must now change and so some people are going to get hurt, and badly.

@knoxharington3173 Год назад

Time for your meds, Kwasi

@lukem4321 Год назад

Hi Ramin, great pod as always! Does the weakness of the pound explain the values of equity denominated in GBP? I've noticed the S&P500 has fallen c25% but VUSA and VHYL have only fallen by a fraction of that. Thanks

@apacheattackhelicopter8185 Год назад

So the pension funds have been playing with derivatives and margins, and now the central bank has to bail them out. It is 2008 all over again.

@TheRJRabbit23 Год назад

Yes in order to meet their pension obligations because there is a shortfall which is why the Bank of England is selling bonds because they are getting margin called as he stated

@markstanton5882 Год назад

Always excellent commentary - worked in the city during h financial crisis but this is 'unhinged'

@daniels_a Год назад

Master class!! I was curious about the mechanics of this process. Thank you very much!!

@Pensioncraft Год назад

You are very welcome @Daniel Arges

@estherroyde4449 Год назад

Always the best analysis! Ramin continues to be beacon of calm in these turbulent economic time, despite his understated anger about the lack of foresight that led to this, from the usually unruffled Ramin.

@mattfreeman2952 Год назад

Great answer on top ticking the housing market! and another great video 👍

@MJB0110 Год назад

Thank you for sharing your insights Ramin. Really well explained in an easy non-academic & understandable way. Wish ‘Truss & Co’ had appreciated this last week!

@Pensioncraft Год назад

My pleasure @Mohammed Bhojani

@sidkings Год назад

Thank you so much for this. Very informative.

@MrHotrod79 Год назад

Watching todays events and waiting to get home and watch your guide to understand it all …. In…a…bit…more….detail…! Excellent as always, thank you!

@Pensioncraft Год назад

Glad it was helpful @Rod McClair-Burgess

@thomasburns5195 Год назад

Thankyou. That was an excellent presentation.

@peterellwood2103 Год назад

Very interesting, thank you.

@kikolatulipe Год назад

Awesome video ! Thanks ! Very instructive!

@Pensioncraft Год назад

Glad it was helpful @Slim

@lorristan Год назад

I do remember last October there were warnings from financial experts from a variety of institutions about accelerating inflation and that the BOE and the FED were starting to get behind the curve. Additionally the forward thinking was this inflation was serious and unlikely to be transitional. If the right amount of interest rate hikes were not put in place then further down the road then emergency rate hikes would be the likely outcome. Then the BOE and FED will start to lose credibility.

@wilsonproperty3320 Год назад

Hey Ramin! Could you do another video on your current thoughts on UK housing market? And how to buy at a good value considering the uncertainty and over inflation of property prices since covid?

@GavinLawrence747 Год назад

Honestly, the mini budget and the new PM are symptoms, not a cause of the current situation. This was a LONG time coming, and as Mike Burry M.D said about the GFC that *everybody* shares a part of the blame. People were far too eager and happy to have the cheap loans and mortgages, swanning around in cars and houses that they can't afford, while savers and pensioners suffered. Too many civil servants and private workers were laughing while furloughed, drinking in their garden and getting loans to revamp perfectly good houses because they were such boring individuals that's all they could think to do with the furlough money Well now its time to deal with the chickens as they come home to roost, and i'm actually quite enjoying watching everyone panic.

@tastypymp1287 Год назад

What else could you do with the furlough money? Go on holiday?

@GavinLawrence747 Год назад

@@tastypymp1287 save it and thank your lucky stars I wasn't at Treasury because by god i'd be taxing back the furlough money directly from those who received it and not socialising the debt like Rishi and Bojo did.

@Bobsbud100 Год назад

@@GavinLawrence747 What would you do with your saving's now please? I'm new to this but have always been good with saving and careful with money. What do you think will happen to all these people that spent and borrowed everything to keep up with the Jones and purchased lots of second homes in the country and by the coast? I live in Devon and there are so many new very rich people who have moved here since 2022.

@crispindry Год назад

I have a small company operating in the construction industry and I'm not exactly up to speed on the bond market. Thank you for explaining this complex topic so succinctly. 👍

@Pensioncraft Год назад

Glad it was helpful! @Shed dweller

@outdoorsman1140 Год назад

Thanks for the excellent explanation. It looks like due to the counterparty risk, the BoE intervention not only bailed out the pension companies, it also bailed out the investment banks. A further thought, would the investment banks package up the counterparty risk and sell that on as some kind of derivative, and who might have bought that?

@jonathanpork-sausage617 Год назад

And who was responsible for the movements prior to the crisis? Once again we know who the winners are.

@gevionshriken2442 Год назад

I'm 58 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, we are finding it impossible to replace it. We can get by, but cant seem to get ahead. My condolences to anyone retiring in this crisis, 40years nonstop just for a crooked system to take all you worked for

@alexchasyr95 Год назад

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it. "You're not going to remember those expensive shoes you bought ten years ago, but you will remember every single morning when you look at your bank account that extra 0 in there. I promise, that's going to be way more fun to look at everyday", I pray that anyone who reads this will be successful in life

@khankrum1 Год назад

Best begin prepping as best you can. @ PENSIONER PREPPER

@missadventuresmotorcycledi2773 Год назад

I am very sorry that you are experiencing this stress, best wishes.

@peterg6344 Год назад

Ramin, would the fall have happened if Bailey had put up The BoE interest rate by 0.75 or 1% instead of the 0.5% they did? Thanks so much for your explanations.

@S40WBS Год назад

Thanks for giving us clarity on the events of the last few days. Something MSM has failed to do as they are too focused on politics. Be interesting to know who has won on the other side’s of these trades and how much knowledge they had beforehand to be as so bold to short the pound and these bonds in a way never done before. Am I wrong in thinking a lot of liquidity has been taken from the market? But then put back on the table by BOE/UK plc?

@fredatlas4396 Год назад

Perhaps truss gave the wink and a nod to the boys. I thought it was illegal as its actually just like insider dealing isn't it

@gyumolcskovacs9373 Год назад

Excellent presentation! Anxiously awaiting my next pension statement...

@guyr7351 Год назад

I’m due my annual pension statement on my DB scheme and am 3 years away from it kicking in. My DC investments have both dropped about 3-4% in the last week or so. Hopefully they can recover over next3-4 years

@petercherry2165 Год назад

Gilts were purchased between 2008-2022 way above par, when interest rates finally went up then bond values declined. It’s simple to work out. Fund managers purchased bonds as there was nothing to purchase that had any return.

@jamesdean2704 Год назад

Mona Dohie needs to refresh her math. If 0.1% rise is 1m in margin calls then 1% = 0.1%*10 equates to 10m in margin calls. Close enough i guess.... Anyway love your channel and your work and your thinking. Please continue to enlighten us. Thank you!

@Bobsbud100 Год назад

I'm so glad I found this channel. ❤💛💚🤙

@Pensioncraft Год назад

Welcome aboard @Vegan4life not just4fashion

@kingcoffee3005 Год назад

Amazingly, fast insightfull quality content Ramin!

@mikehardwicke23 Год назад

Very instructive but it still begs the questions 'who eventually pays for it' and 'what impact on inflation' given the increase in money supply. The answers are obvious!

@Bobsbud100 Год назад

Tax payers.

@MagicNash89 Год назад

Ramin tried hard to find a reason for this, but its probably CORRUPTION, hedge funds associated with Kwarteng, the Chancellor, were very likely shorting this stuff and made good money.

@stevo728822 Год назад

I think negative feedback loop was the term you were looking for.

@adamburton5184 Год назад

Even though I'm sure you just explained this (and I may have listened), this sounds nearly risk free from a bank or investment banks perspective. If it goes smoothly it goes smoothly and they pay for pensions appropriately (making the fees on the way) but as soon as a problem arises you know you can just immediately sell it off, purchase shit elsewhere and the BoE will intervene on the UK's behalf. This increase in gilt spending by banks as a way of paying for pensions sounds a lot like another poor decision from both banks and the UK gov (who should know this could happen). The global markets currently have the UK by the balls and are hoping for our prolonged collapse into a second rate economy but then our government aren't exactly doing much to stop it.

@magictom8 Год назад

Yep. If a central bank exists it should only be to maintain balances, they shouldn't even have some arbitrary inflation target. Allowing them to buy bonds etc. means there's a risk they are either compensating private sector gambling losses, or stealing off the taxpayer to pay for government credibility losses, or both.

@fredatlas4396 Год назад

If investors had sold off their holdings in UK gilts, gilt funds recently they would have lost a lot of money

@I3urgess Год назад

Privatise the profits and socialise the losses. Socialism for the rich and capitalism for the middle classes and the poor, it’s how it’s always been.

@missadventuresmotorcycledi2773 Год назад

@@I3urgess truth

@davejohnston5158 Год назад

Perusing the FTSE all share list performance shows that most listed companies and trusts have had a poor 5 years and a shocking 12 months. All with a backdrop of low interest rates and massive continued QE. So imagine how bad it may be when BoE policy reverses, which it must - especially with massive supply side inflation.

@mrc8333 Год назад

Thanks so much for this information. Scary stuff.

@Pensioncraft Год назад

Glad you enjoyed it @Mr C

@mrc8333 Год назад

@@Pensioncraft I listen to all your podcasts and watch your videos and it’s really appreciated the info you share.

@michaewelina7983 Год назад

QE for gov bonds will not increase inflation? So what gov is going to do with the money look at it?

@edmaxwell6797 Год назад

The chaos in the bond market is a direct result of massive direct payments to individuals and businesses in 2020. That sowed the seeds of inflation, the chaos would have come regardless of the budget. Pension funds are loaded up on illiquid investments, entered into over recent years. The canary has sung, chickens coming home to roost for the pension funds and the BofE

@PH-dm8ew Год назад

Great commentary and well explained

@Pensioncraft Год назад

Glad it helped @Paul H

@stevo728822 Год назад

UK nat gas prices rose by 13% today.

@AverageNiceGuy Год назад

Nicely done. Thank you 👍

@Pensioncraft Год назад

Thanks for watching @AverageNiceGuy

@MrWashraf Год назад

UK has entered into a long process of the financial crisis. UK treasury bonds yield downward process obviously would devalue its national currency, British Pound. It is a process of printing more money, that process would lead to increase inflaion.

@maddwarf7976 Год назад

I think the govermant has to reverse its budget plan, there is no good outcome if the BoE raises rates and stimulates the same time.

@TopazDr Год назад

Surely economic growth is priority over controlling inflation though? Inflation we know is temporary because of Russia. But lack of productivity gains and national growth is a deeper, more chronic problem that requires policy focus

@TheRJRabbit23 Год назад

Fiscal policy does not equal monetary policy…converging objectives by the government and central banks

@nickbuckle646 Год назад

Bank of England didn't help with a smaller than expected rate rise the day before the budget

@ColonelMuppet Год назад

So basically the private sector - insurance/pensions companies - did not plan for such tail risks, and that once again we are bailing out a failed and failing profession class?! WE bailed out the banks. We bailed out energy suppliers. Now we bail pension fund and investment companies for their poverty of fiscal management?! Socialism for the rich yet again!

@jaddaj5881 Год назад

So Central bank stepping in to bail out pension funds, who were using derivatives to take bigger risks on their members retirement savings in order to make bigger profits for themselves and now the scenario that has ‘never happened before’ is happening. History repeats.

@hobarttobor686 Год назад

yield up price down, thanks professor

@stopato5772 Год назад

When you show charts could you move your image so we can see all the graph?

@Pensioncraft Год назад

@stopato Thanks for watching and sorry about my head being in the way. It was a mistake and I I didn't realise I'd done it until after the broadcast.

@daniels7044 Год назад

Thank you for this! The part I don't understand is how the BoE intervention of buying UK gilts isn't inflationary? Where is this money coming from? Is it not printing money like with traditional quantitative easing?

@MikeNewland Год назад

Where is it going to is the question!

@XORTION Год назад

Yes vicious circle bubble will pop

@Alex-tl2je Год назад

you made it crystal clear. The pension fund is about two time bigger than the bond market. 100m margin call for per 0.1p up in bond yields does not add up to me. the number should be at least times bigger. there was signs for high inflation at least two year ago, how thick are these fund managers who didn't do anything until they go burst. it is so unbelievable

@MrHotrod79 Год назад

Could do with an update to this one !

@pierreschweitz-navio3831 Год назад

So when markets price in the consequences of a unfinanced budget amidst a serious economic and geopolitical crisis, they're accused of malfunctioning ? And what about those pension funds that were pushed to take too much risk precisely because of low interest rates for so many years ? I feel like what's happening now would have happened sooner or later with out of control public spending and rampant inflation.

@CallumDempc Год назад

wow, this education is amazing

@Pensioncraft Год назад

Glad you enjoyed it @Callum Dempsey

@francois4663 Год назад

Why would the rise in 15 yr gilt yields cause mortgage rates to rise? You would need a change in base rate for this, no?

Год назад

excellent talk. A hug to all british friends. Don't Panic

@patrickhd34 Год назад

I realise the issue of buying US stocks using low-value pounds, but some of the US stocks I am buying are currently down 20-30% and pay good dividends, obviously paid in dollars. Should this equal things out? (Also, can we please stop thinking the current government is competent. Where would we be today if the BofE had not stepped in? The UK could have potentially CAUSED a financial crash on par with 2007-8 or worse.)

@gtek8021 Год назад

Hi Ramin, the bank of England says its going to stop emergency bond buying on Friday 14th Oct. How is this now going to effect pensions now?

@gerhard7323 Год назад

When your unelected 'independent' central bank is very clearly acting against the policies of your elected government then you know you've got one doozie of a problem brewing here. Normally in any toss up between democracy and technocracy my money would be on the former for good or ill, but in this moment of extreme economic illiteracy from our government at the worst possible time I'm extremely reluctantly going to have to go with the technocrats.

@tastypymp1287 Год назад

Have a word with yourself!!! That's exactly what they want you to feel....

@CHeRKeSSS00 Год назад

I suggest you try to looking at Turkey and then reconsider your thoughts.

@Ryan-se5uj Год назад

Great video Ramin! Thank you

@Pensioncraft Год назад

Glad it was helpful! @Ryan

@handcrafted30 Год назад

I can’t thank you enough for your continued insights, but we need to have a word about your PowerPoint slides!

@samkerins4165 Год назад

Love this dude. Such a well-crafted and well-delivered piece; his eloquent insights are truly gorgeous on top of serious knowledge of finance. However, sometimes I think he makes conclusions based on his own Pollyanna thinking. “The BoE is injecting $65 billion liquidity into a $3 trillion economy - 2% of GDP - that won’t contribute to inflation, because it’s targeted to a specific sector of the credit market? Sometimes this dude seems like he’s in denial. Awfully reminiscent of early 2008 when folks were saying subprime mortgages were a small sector of the credit market and the recession would be short and shallow. We’re heading into a global depression… better to accept it and be aware of it than to put makeup on it. That said, kudos to this dude for his incredible videos! He is a remarkable analyst

@user-sg1qu8io6v Год назад

Grateful for your content! saludos wooooo

@Pensioncraft Год назад

Glad you enjoy it @M

@bct6068 Год назад

Thanks!

@Pensioncraft Год назад

Welcome @BCT

@James-hq4vy Год назад

UK print money print printer out...endless pound with lesser and less value

@MagicNash89 Год назад

But this is basicly kicking the can down the road, right? This intervention is done with what resources? More debt? How is that additional debt gonna be handled in the future exactly?

@indiemery8049 Год назад

Very nice Video, I give thumbs up each time I hope you get many views!!!

@Pensioncraft Год назад

Thank you very much @indie mery

@paul_k_7351 Год назад

The LDI you mentioned, was that only UK pension funds? Presumably US pension funds do something similar and if they had a yield shock the fallout would be pretty big for everyone?

@DanielFarrell Год назад

Are there still large US pension funds? 30 years ago maybe, but I think they have been done away with almost completely now. We have to save for ourselves.

@whtmasterd Год назад

@@DanielFarrell Local, State and Federal employees still have pension funds. Most of these organizations would like to move away from a 'Pensionable' retirement to self-funded 401K type plans. My gut feeling is the US is probably playing these same games. All these 'alternate' investment strategies only work within defined boundaries that are known and understood at the beginning and get lost in time as the greed factor increases to the point of being reckless.

@stevep9221 Год назад

This is crazy. How can we have a lower base rate than the US. I am dumb but realise if a particular bank is offering a 2% interest rate and another bank is offering 4% (100% more interest) then I will put my money in the 4% bank. Oh look... That is the same difference as bonds in the UK and the USA. We will have no-one left wanting our bonds unless interest rates go up 2% today. We are screwed if it stays like this. SIMPLES,

@thesolitaryadventurer Год назад

How far off is this from becoming yield curve control a la Japan?

@tonivaripati5951 Год назад

You Voted it!

@upfulsoul826 Год назад

Your website looks good.

@Pensioncraft Год назад

Thanks

@torus186 Год назад

Index linked bonds dropped by 10% this morning and then were up 17% this afternoon, WTF they have become a crypto coin. Pension funds use these massively, especially leading up to retirement. There are a lot of funds that have lost over 40% nice if you are just retiring.

@vikashkumardce Год назад

What are the tickers for index linked bonds please?

@Myover50fashionlife Год назад

It’s ignorance of amateur new govt. I am a market practitioner and the amateur team so frustrate me. Even their fuel solution re fracking shows ignorance of financial markets.

@jwildfry3283 Год назад

You should have rented! Rental yields in parts of London are below 3% Bargain.

@kikolatulipe Год назад

@22:36: who has more money ? Hedge or BOE ? What is the answer !

@SIRRUBADUBDUB Год назад

Who on earth came up with this disaster of a budget? Will they be fired?

@deankirk8554 Год назад

How high could interest rates go?

@darkjabz Год назад

Will stocks drop more ?

@robertwilson214 Год назад

We seem to have non regulating regulators.

@ShoelessNomadThailand Год назад

Thank God at 60 I sold all my bonds and equities three years ago. Put a my investments into gold and moved to Thailand. Last one out turn the lights of. So, now the BoE are buying their own debt. Printing even more money to fuel even more inflation. The Government should be recalled to Parliament and explain how these Corporate and rich tax cuts are going to help the working poor and pensioners?

@jfuite Год назад

Oh, so you are among those who voted in successive governments who overspent and drove the nation into debt, then left?

@tomstory8502 Год назад

What advice do you have for us younger investors?

@cameronmmj9291 Год назад

@@tomstory8502 don't listen to him. I stopped reading when he went all in on gold. 😂

@ShoelessNomadThailand Год назад

@@tomstory8502 Your young so, just cost average into good companies. But those that knock gold do not understand it's wealth. You need to do your own research. I put this question to the no sayers. Why do the central banks buy and hold gold.

@JonathanJamesHarrison Год назад

Thanks

@Pensioncraft Год назад

Welcome @Jonathan Harrison

@mikehawk4856 Год назад

The UK pension crisis is why I went all in silver and gold

@_.dace._ Год назад

can anyone recommend some basic info i can read please if I dont understand anything about whats going on. I only really realized the relevance of inflation this year for the first time, so am super ignorant. cheers all.

@AM-om5xz Год назад

Would you make a video on currency hedging S&P 500 investments, ideally with ETFs? Thank you

@Visual_Ghoul Год назад

Unlucky with the bonds you bought 2 months ago, what should i buy?

@smvinay1206 Год назад

First time I saw Ramin short of words as he was trying not to use too negative words ( which were appropriate) 😂

@daviddoink872 Год назад

Nice explanation .

@Pensioncraft Год назад

Thanks and welcome @david doink

@khankrum1 Год назад

I must confess I understood very little of this, but I do understand living beyond your means I was married a ling time ago bur my wife was borrowing and spending without telling me. Of course no matter how much overtime I worked ends would just not meet! By the time I found out how much debt she had incurred there was no way I could work enough to pay it back! Net result was I lost everything, including my marriage and children! Politicians always promise a " Bag of sweeties" to entice votes, and like silly children we always for for the trick! No use having a General Election! Because the biggest bag of sweeties will always have the vote. No candidate ever got elected by standing upon the truth,

@chrispiasecki8389 Год назад

"Will this affect inflation? No it won't" - no evidence provided, just "trust me bro" - great content

@mariohatz3317 Год назад

I follow the chanel relatively closely, and you have been very helpful in understanding markets. The priblem UK is in is created by UK, US and EU, and what we are seeing is the slow collapse, for now, of all Europe. The reasond for this collapse are: the rise in energy and food costs which impact on nearly everything else. We need to inform europe that to fix the root cause we have to stop the Ukr/Russia war and remove sanctions on the Russians. That is not inconsistent with the global disaster and democracy. The opposite ie what the US,UK and EU are doing against Russia is not destroying Russia its destroying the west. Tell them that so people can save themselves by removing all government that follow such lunacy.

@kevocos Год назад

Hahaha, they'll be eating dog sandwiches in Moscow this winter but yes Europe is collapsing 🙄

@lorenzopadilla5464 Год назад

BoE intervention means they are purchasing back the damaged gilts or a significant portion of those available on the market?

@kaltv730 Год назад

Ramin, question please. Is now the best time to, as the pound is down, if i want to invest in the SP500 to invest in a Hedged ETF such as IGUS or GSPX. look forward to a response. love the content :)