Mark Blacklock ๐ #JoinAUnion
@MarxMedia
Likes fairness, patience, generosity. Dislikes rudeness, arrogance, lying. Human, so probably all of the above at times.
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23-09-2010 10:47:06
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Posted for no other reason than it cheers me up and in the hope it cheers you too, because God knows we need cheering right now.
I remember watching the live broadcast from Shakespeare's Globe - and blokes talking about it in the pub the following night.
youtube.com/watch?v=l1B70Pโฆ
Golly.
Markets are now pricing in 5.5% interest rates from the Bank of England next year.
Up from 4.75% yesterday.
Deutsche Bank saying BoE may need to table an emergency rate hike as soon as next week.
Extraordinary.
And, as I said yday, higher rates are a big, big deal.
Ugh.
Investors are shorting the pound, which means they bet on it falling in value. It can create a vicious - even catastrophic - circle.
Essentially, they are behaving like bent bookies at a race track, hoping Britain comes in last.
Will this be #BlackFriday ?