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As Bank of England Intervenes, Druckenmiller Sees Crypto Renaissance

The Breakdown

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The Bank of England's Emergency Ratehike Is Not Working, It's Just a Short Term Operation

The central bank said that it would not try to counteract the government's massive fiscal spending with an emergency ratehike. The money printer gobur mems were dusted off and just waiting in the wings for exactly this moment. Pension funds are quickly becoming insolvent due to huge margin calls they can't meet the massive move in 30 year u k. Swaps and bonds, coupled with risk assets tanking. Behind the problem that explains the b o e action. This is now financial crisis territory, limited to the u. K. Bank of england will seek to stabilize, as it did after brexet vote, let's hope.

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