DavidL

I think it is back to the no free lunch idea. We were more “creative” with our QE than most and the markets do not forget that. It was a default in all but name and many investors lost out big time. … (View Post)

No naysayers to that. (View Post)

Inflation was higher so the real rate was a lot lower than the nominal rate. In most of the 90’s I was paying up to 14% on my mortgage but my nominal wages were growing every bit as fast so it was ok. (View Post)

The yield on 30 year UK gilts is now 5.22%, the highest since 1998. This blows any fiscal rules Reeves was talking about completely out of the water. It is not even close. Borrowing at this rate or e… (View Post)

Yes but not 1500%. This is really bad and getting worse but I think this is an exaggeration. (View Post)