Rising Gilt Yields Could Signal Global Turning Point

[Guest Fiddlesticks]

This could see the cost of popular fixed-rate mortgages increase, which in turn has implications for booming house prices.

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[BuyingBear]

The today programme had an interview with a US government official that controls the currency, he has come over to London to give us a warning :-

David Walker is the Comptroller General of the United States. His department, the Government Accountability Office, monitors the way the US government spends its money, and he is in the UK to deliver a lecture which will deliver a sharp warning about that.

He doesn't like the debt, deficits and demographic changes (the boomers). I wish a UK government was that open and honest, at least he can say "don't say I didn't warn you". Merv's job is to blow hot and cold, the US media and wider establishment have their fair share of contrarians compared to our ship of fools.