Assets were not at risk, if you've understood the scenario in any detail you would know that it was liquidity/cashflow problem, not a solvency problem. Yes banks are important but due to fractional reserve banking it is and was a "systemic" problem. ...

The lobbying of the venture capitalists worked, and they are now whole... pity normal businesses cannot lobby in this way to achieve such swift outcomes in the period of a weekend.

I hope he is right, but I am cynnical despite his undeniable expertise and stellar track record. Believing the FED will stay firm is like believing in santa.

at this point why they dont just recycle it or put it in the bin? genuine question.

I actually agree with this analysis - based on the macro factors - projections are for a GBPJPY price point of 120. Not unrealistic.

Yup! A clean pivot away from stagnant public sector wages and cyclical strikes from public sector staff spanning several industries. No clean plan to actually deal with the problem.

You've never heard the expression "don't fight the FED" ?

Nah, its just a data point. When and if waiting for asymmetrical trade opportunities - this is a good use of time.

Your entry for the USDJPY long was based on what fundamental catalyst or technical level?

the corrective phase?

crazy but ok.

Careful Mr Bostic, you'll arouse the pivotistas lol

China has a population which are more aged than many other nations, so covid can have a detrimental affect on them, so it makes sense that they take these type of steps .... one man's extremism is another man's freedom fighter.

BOE knew about inflation inside the Summer but were too concerned with the pension liquidity and the chancellor's budget to focus on the larger issues at play

Love it! A good liquidity spike - business as usual next week though - next target 155.

USD is retracing at the moment so all USD pairs are experiencing usd weakness. Not just GBP related.

final day - i thought BOE had signalled it would stopped buying this week not last?

Free Markets at its best!

Feels more like order 66 with the concept of Free Markets becoming almost de facto legendary with the level of intervention/molestation.

If I had a few questions.... - why wasn't the liquidity insurance in place before - which part of BOE mandate requires it to stabilize GILT prices (especially in favour of pensions operators) - why is a backstop needed for index linked GILTs What we ...