Daniela Gabor
@DanielaGabor
Professor of Economics/MacroFinance. Critical macrofinance, central banks, repos, shadow banking, WallStreetConsensus
1K Following 56.3K Followers
I keep staring at this catastrophic graph, produced by the UK national security establishment for a report blocked by the Starmer government until FoI forced a redacted version
hope that our new PM @andyburnham is ready for that Bank of England moment because things are about to get very ugly on inflation front and Bank will bring its usual hammer, rate increases that will hike yields on gilts and general misery
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Bank of England was until recently largest holder of gilts.
It's been aggressively selling for no good reason other then Bailey wants to.
We have a Bailey premium on gilts nobody talks about
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