6 Comments

Nice summary. I think your key initial point is on target - the disarray in gilt-edged markets was probably less about the new government's policy announcements than the lurking "financial instability" (I hate that term) issues in an environment where rates are increasing rapidly after a long, near-zero period. We hear similar concerns from bond-market pros in the US.

Expand full comment

Fabby job squire.

Expand full comment

Are the goals of the tax cuts to stimulate demand, or are they trying to address supply?

Expand full comment

Joseph, this is last minute, but is there any chance you would join as a panelist for a group of about 10-20 on Zoom Monday night at 8 PM New York time? The topic is the inflation outlook, and I am trying to see how the British events play into that. Plus you have other knowledge to contribute. arnoldsk at us dot net

Expand full comment