Oct 27, 2022
Apologies for all the classic punk rock references...this week goes to the song 'Clampdown' by The Clash from their masterpiece/genius album "London Calling." But a huge political shake up took place in the U.K. with the entrance of Rishi Sunak as their new Prime Minister. This announcement alone brought stability to...
Nevermind the Bollocks
Oct 20, 2022
Greetings all, hope you had a better week than the UK. The battle between saving pensions vs. saving the Pound-Sterling lingers on as the Minister of Finance was sacked; and the new plan proposed: pretend the proposed plan a few weeks ago by Liz Truss never happened. Meanwhile, here in the States, the soft landing...
Oct 13, 2022
A 30-year fixed mortgages is now hovering around 7%; more than twice what it was a year ago. But because of compound interest, the cost of taking on a mortgage is through the roof (pun intended). Credit spreads have widened as lenders weigh interest rate, inflation, and duration risk; but mortgage lenders seem to be...
Oct 7, 2022
The Bank of England currently is facing a dilemma where they have to pretty much choose between crushing their government bonds (GILTs) or UK pension plans. To make things worse, OPEC+ has made the condescending decision to reduce oil production by 2 million barrels per day; which will likely cause oil prices to shoot...