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How much longer will this bear market go on for?

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Comments

  • GazzaBloom
    GazzaBloom Posts: 838 Forumite
    Sixth Anniversary 500 Posts Photogenic Name Dropper
    edited 14 October 2022 at 9:05AM
    Kwasi has flown home early to save us. How reassuring. 
    We'll see if anything changes - if not, it looks more like he was just fed up of being criticised by the world's economic leaders and didn't want to hear any more :p
    If he is a man of principle and believes in his plan then should stick to it and then resign if forced. Unless of course the plan is half baked, uncosted drivel in which case he should probably wobble like a plate of watery jelly, change course a few times then resign.
  • Type_45
    Type_45 Posts: 1,723 Forumite
    1,000 Posts Fifth Anniversary Name Dropper Combo Breaker
    Sovereign debt is the real problem. How much debt is the UK in?



  • InvesterJones
    InvesterJones Posts: 1,418 Forumite
    1,000 Posts Third Anniversary Name Dropper
    edited 14 October 2022 at 11:08AM
    Type_45 said:
    Sovereign debt is the real problem. How much debt is the UK in?

    By that measure we're doing very well comparatively - £2,427.5 billion at the end of August 2022 - which is what's led to the Trussonics theory of funding growth by adding to it.


  • Linton
    Linton Posts: 18,436 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    edited 14 October 2022 at 11:19AM
    Type_45 said:
    Sovereign debt is the real problem. How much debt is the UK in?

    By that measure we're doing very well comparatively - £2,427.5 billion at the end of August 2022 - which is what's led to the Trussonics theory of funding growth by adding to it.


    Also, 77% of the debt is owed to us (egUK pension companies) and we own a fair amount of other countries' debts.
  • Kwarteng gone...
  • well that's one way to handle it
  • LHW99
    LHW99 Posts: 5,501 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    BBC says sacked, but was he pushed  - or did he jump?
  • LHW99 said:
    BBC says sacked, but was he pushed  - or did he jump?
    None - it was an appointment U-turn by Truss.
  • LHW99 said:
    BBC says sacked, but was he pushed  - or did he jump?

    His statement confirmed pushed. But that's only one half of the problem..
  • Type_45
    Type_45 Posts: 1,723 Forumite
    1,000 Posts Fifth Anniversary Name Dropper Combo Breaker
    Linton said:
    Type_45 said:
    Sovereign debt is the real problem. How much debt is the UK in?

    By that measure we're doing very well comparatively - £2,427.5 billion at the end of August 2022 - which is what's led to the Trussonics theory of funding growth by adding to it.


    Also, 77% of the debt is owed to us (egUK pension companies) and we own a fair amount of other countries' debts.


    Are these the same pension funds which were going to collapse recently so we printed more money and got into more debt to keep them alive so that they can pay our debts back?


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