The Bank of England's Emergency Rate Hike

The Bank of England this morning said, emergency rate hike 50 basis points. They still have negative 4% in the Euro zone. Like across the board at the German 10 years, the benchmark in real terms. So relatively speaking as bad as things are here and I'm not arguing that with the data. But their data is apocalyptic at this juncture. And with the US getting past the yield past the debt ceiling we might actually be in a situation where we're all that worry.