& if they used those bonds as collateral for interest rate swaps or other financial instrucments, their counterparties expect them to post more liquid collateral which they a) might not have and/… (View Post)

It’s the pedestrian bridge across the Thames just upstream of Folly Bridge. I get the impression nobody was maintaining it & the ironwork rusted out. The old railway bridge further upstream has t… (View Post)

Once again: the impact isn’t the problem. The problem is that it demonstrates that the government is economically illiterate and has no idea what it’s doing at a time when the UK finances are incredi… (View Post)

The cut is not the issue. The issue is that the cut is seen as a pointless giveaway that will not make a positive economic impact, so what it communicates to the markets is that the government doesn’… (View Post)

Anti-semitism seeps in everywhere a political wing takes an authoritarian turn. Jews are such a convenient outgroup for a populist European / Westerrn political movement to blame for everything wrong… (View Post)