London Calling! - With Mark Blyth
The David McWilliams Podcast
00:00
The UK Depends on the Kindness of Strangers
The UK runs an 8% balance of payments deficit, which basically means the Brits are spending money on the never-never. The ECB won't raise rates because they also recognize that what happened to the UK could happen to us. We've seen this picture before and I think we're at the very beginning of what could be an equally similar year of carnage in financial markets.
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