Thursday, October 20, 2022

Liz Truss stepping down ...

On her election, some compared her to Margret Thacher, but the flip flopping on policies turned her tenure really short ... bottom-line, good times are over and hard times are in future... around the world... like it or not ... call it flip flopping, but they are not many choices left besides raising interests
... mortgages are running at 7.2% ... LEI has been down since Feb and housing showing signs of stress ... but OracleWorld and MoneyShow going back to back,  fall is really pleasant in Vegas ...!

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treasury plans to buy long term US debt to replace it by short-term debt

10y rates dropped by a point .. and stocks rise ... aka market manipulation and perfectly legal as done by US govt.