Gm nostriches, 1 minus 1 day and counting to the moment the best thing Ms Reeves could actually do is nothing, because that would provide some certainty, but instead she’s both doubling down while also trying to undo what effects of what the last budget did.
These are the scramblings of a failed nation attempting to get some market confidence back.
Fascinating stuff, where I begin to (think I) understand some of the market, so much so while making revisions to my book, in addition to general borrowing costs going up in a recession, how the bond market reacts (look ma, I do bond math now 🤪)
The science of muddling through, by Lindbolm (1957) is also fascinating, but one would hope those in charge were quite so obviously feeling their way in the dark.
Oh and finally after buying the dip, then buying the next dip, so of back to where I started……. But people saying it could go lower, but let’s reframe that, the value of
Your dollar could rise, so get ready to $pend it!!!!!!!!!
