How much longer will this bear market go on for?

masonic

Type_45 said:

QE with inflation running at 10%...

Weimar, anyone?

It's ridiculous, isn't it. One can only hope for a quick reversal and sacking, so the BoE can change course.

sevenhills

Type_45 said:

The Central Banks made a policy error by raising rates.  And it was only a matter of time before they were forced to change course.

The BoE are trying not to increase interest rates to keep borrowing low cost, they have been criticized for this.
After Kwartangs budget the markets are crying out for higher rates.
So you think the BoE should not have been increasing rates, Sterling would be even lower. There were some on the BoE monetary committee that wanted lower rate rises 

Thumbs_Up

Type_45 said:

QE with inflation running at 10%...

Weimar, anyone?

Buy shares from a wheelbarrow manufacture.

Technically it’s  Weimar Republic.

DannyCarey

posted this yesterday in another thread - makes for pretty grim reading

Thumbs_Up

He look like Emmanuel Macron, looks like he’s licking his lips.

Type_45

Look at the markets since the BoE capitulation.

Can you imagine the bull run if the Fed pivots?


The Fed won't want to pivot for that very reason.  It will cause an almighty run and then crash.

Which, of course, is exactly what my thesis has been for many months.

Type_45

Might they hike interest rates?  By how much?

masonic

Even the UK is not intending to 'pivot'. AIUI it will be simultaneously easing and tightening at opposite ends of the yield curve. It will be a temporary measure used only to the extent necessary to stop excessive margin calls on pension funds due to the steep rises in yield they've been subjected to. It's a counter to the "moron risk premium" coined by Dario Perkins. This risk premium should fall away as and when the right thing is done in government.

Type_45

masonic said:

Even the UK is not intending to 'pivot'. 

Well it looks like a pivot to me.



Then...










And now....

masonic

Type_45 said:

masonic said:

Even the UK is not intending to 'pivot'. 

Well it looks like a pivot to me.

What does 'pivot' mean to you? If it means any change at all, then it is a pivot. What is being done isn't a move in the opposite direction, however, which is what I would classify as a pivot in this context.