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porca misèria

Black Swans

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What happens to UK and other indebted nations' interest rates when the 'merkins default?

Good question is it probable that the cost of their debt will demand increased interest rates internationally as an effect of their need to borrow will remain, in order to exist. Therefore our rates increase, rapidly to a normal rate. The illusion of can kicking hits a wall, which gets higher with every kick?

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What happens to UK and other indebted nations' interest rates when the 'merkins default?

They might waver slightly before Obama declares martial law and then expands the debt even further and reverses the default.

Not that it's going to happen.

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What happens to UK and other indebted nations' interest rates when the 'merkins default?

I don't know, but i'd expect it to be several years before the US default if at all - certainly it won't be next week

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Depends on whether Mystic Merv sees wage inflation outside of the financial sector.

Edited for accuracy. I expect he sees bumper City bonuses as a sign of a healthy economy.

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  • 311 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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