How much longer will this bear market go on for?

GazzaBloom

InvesterJones said:

Alistair31 said:

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

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

Sovereign debt is the real problem. How much debt is the UK in?

InvesterJones

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

InvesterJones 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.

GazzaBloom

Kwarteng gone...

retiringtoosoon

well that's one way to handle it

LHW99

BBC says sacked, but was he pushed  - or did he jump?

YellowStarling

LHW99 said:

BBC says sacked, but was he pushed  - or did he jump?

None - it was an appointment U-turn by Truss.

InvesterJones

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

Linton said:

InvesterJones 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?