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You could argue that QE is essentially shorting your own currency I think.

Yes, big picture we have been allowing investment in the country which we then devalue by one means or another. QE on an international scale is like musical chairs though. Someone big is going to fail to make repayments and won't be able to cover it up sooner or later.

Interesting though that we've been seeing recently more acutely that governments job is to protect the market place. Industry has to function within the protection it's given. The cost of the protection depends on the capacity of the government to solve problems and recently they've been really bad at that.

Not that it was the hardest prediction in the world, but I am changing my user name to Nostradamus.

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F*ck me - imagine Braverman at the helm...

(probably no worse - but with a massive dose of "everyone else except me is woke" thrown in)

Given that Truss inhabits a memory of Thatcher, shown in her cosplaying during the leadership campaign, she has one last Thatcherite option.
Late 1981 Thatcher is trailing Labour in the polls, yes trailing Michael Foots' Labour. (Into 1982 she is also trailing the resurgent Liberal Democrats).
An unnecessary war later, a second majority and Thatchers first recession was ignored by the electorate.
Putin annexes the occupied Ukrainian territories,
'C in C' Truss announces 'a limited UK intervention, logistics and maintenance specialists to be deployed on Ukrainian soil'.

Even Johnson would have announced one of his podium rambles by about now.

Thatchers first recession was ignored by the electorate.

Were you alive during this period? There are people still ready to dance on her grave. Investment income tax was at 98% before Thatcher. That's why they kept getting elected, they reduced personal tax.

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Has Cummings launched into a tw@tter diatribe on this yet? I'm sure he's dying to.

Currency traders are all golf playing thatcherite spiv cunts though, so could be true enough.

Everything's fine. Truss had a phone call with Zelensky.

Yes.

He predicted ages ago that Boris was backing Liz as she was a 'hand grenade' who would explode, allowing him to get re-elected.

Please no.

Are they really digging in? Wild.

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Yup. https://www.bbc.co.uk/news/uk-politics-63067163

Fucking hell - the state of them.

Griffith is doing all the media rounds cos Kwarsi and Truss have disappeared.

Lol he made lots shorting the £ in 2016 and was backing Brexit.

True patriot ;)

https://twitter.com/EdConwaySky/status/1575128310740389889

It's exhausting trying to keep up.

Truss apparently spoke to the Ukrainian president today about the ongoing crisis and he offered to help out where he could.

https://twitter.com/AdrianPAtkinson/status/1575155048996290560