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Credit deflation and the reflation cycle to come (part 3)

spunko

By spunko
in Property Prices & Economy

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Eventually Right

Eventually Right

Posted
Posted
4 minutes ago, HousePriceMania said:

I'd give that multiple laughs If I could.

 

I wish I could...

Just been too many of these kind of things in the last year, AXU, GATOS, Argonaut Gold, Gold Mountain etc.  And those weren't supposed to be "Penny Dreadful" Death or Glory/20x or bust stocks, as Rick Rule would call them.

 

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Axeman123

Axeman123

Posted
Posted
22 minutes ago, feed said:

FOMC on the 26th/27th. Not sure anyone is going to want to front run that, if they don't have to

Would they be front running, or chasing after the 50bps they fell behind last time though?

We could be testing the 1986(?) low within a week or two...might be the definition of having to.

I could well just be wrong of course

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Axeman123

Axeman123

Posted
Posted
2 minutes ago, afly said:

Fuck me Dishy and Sajid have resigned saying Bojo is incompetent

Maybe that is what cable has been pricing in today...

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Option5

Option5

Posted
Posted
3 minutes ago, afly said:

Fuck me Dishy and Sajid have resigned saying Bojo is incompetent

 

https://www.theguardian.com/politics/live/2022/jul/05/boris-johnson-accused-not-telling-truth-chris-pincher-politics-live

Getting out before it all collapses.

Rats leaving The UK government ship so they can try to avoid the blame for what's to come.

Just now, Plan-b said:

Rats leaving a sinking ship - and then the ship..?

Beat me to it :D

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Option5

Option5

Posted
Posted
Just now, Loki said:

That's rich coming from them

Announced after the markets (which are all down) have closed.

I wonder if they did any trading today?

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Loki

Loki

Posted
Posted
Just now, Option5 said:

Announced after the markets (which are all down) have closed.

I wonder if they did any trading today?

I'm sure they didn't do any, now as for their connections...xD

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Plan-b

Plan-b

Posted
Posted
Just now, HousePriceMania said:

The 2 ex bankers Sunak and Sajid have quit !!!!

 

breaking news.

 

Carnage tomorrow.

How did you buy the Swissie recently

?

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HousePriceMania

HousePriceMania

Posted
Posted
8 minutes ago, afly said:

Fuck me Dishy and Sajid have resigned saying Bojo is incompetent

 

https://www.theguardian.com/politics/live/2022/jul/05/boris-johnson-accused-not-telling-truth-chris-pincher-politics-live

Buying opportunity tomorrow I feel.

Boris will be gone.

Maybe the bankers want to PM and CHANCELLOR now

Or maybe they know how bad things are about to get.

Just popping out to buy some more gold/silver

Just now, Plan-b said:

How did you buy the Swissie recently

?

Interactive Brokers. 

 

https://www.interactivebrokers.co.uk/en/home.php

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Bobthebuilder

Bobthebuilder

Posted
Posted
1 minute ago, Loki said:

That's rich coming from them

I have a feeling they know what's been going on, probably have been having the same conversations that we have on here.

But walking away? Shows what cowards they really are.

This might be interesting.

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feed

feed

Posted
Posted
2 minutes ago, One percent said:

Quit what?  Linky?  

https://www.teletrader.com/uk-ministers-rishi-sunak-sajid-javid-resign/news/details/58176943?internal=1

British Finance Secretary Rishi Sunak and Health Secretary Sajid Javid announced on Tuesday they have resigned their positions in the government led by Prime Minister Boris Johnson (pictured).

"The public rightly expect government to be conducted properly, competently and seriously. I recognise this may be my last ministerial job, but I believe these standards are worth fighting for and that is why I am resigning," Sunak shared in a Twitter post, with Javid adding that "it has been an enormous privilege to serve in this role, but I regret that I can no longer continue in good conscience."

Sunak concluded his letter to Johnson by saying that he stepped down as his approach toward the future of the British economy is "fundamentally different" compared to the prime minister's view. On the other hand, Javid argued that the public isn't considering the current government competent and that this opinion won't change under Johnson's leadership.

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Loki

Loki

Posted
Posted
15 minutes ago, Barnsey said:

Better late than never, maybe, just maybe, we're at a significant turning point.

I'm worried about exactly what Boris is supposed to be incompetent about though.  Not enough COVID lockdown? No green pass system?  Not enough free money handed out to whoever?  Or is it still the manufactured outrage for the drones about a party?  I don't care what they did because I ignored the lockdown too along with everyone I know

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Bobthebuilder

Bobthebuilder

Posted
Posted

I think this is proof that no one can be bothered to work anymore, they will probably both just go on bennies.

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