To simplify a lot, long-term investors like pension funds do not want to take on the credit risk that 10%+ of mortgages fail at the same time. To make sure investors buy US fixed-rate mortgages, Fann… (View Post)

One lesson from this weekend is that the "libertarian" narrative from some quarters was a lie - a knowing lie, given the commitment to increase cash for the NHS, that behemoth of government… (View Post)

The bond markets are not trying to say " the country is poor". They're saying "we need a repayment plan that isn't BOE printing GBP". (View Post)

Well, it's a good thing she didn't mention nominal GDP then. (View Post)

The difference is that any woman who dissents regardless of her actions is classified as terf, therefore fascist, therefore a valid target for male violence. (View Post)