
UK chaos and bond doom loop
The David McWilliams Podcast
00:00
What Happened in the UK?
S&P also put the UK on negative outlook yesterday as well. Central banks are in a situation where inflation is running at extremely high levels that say, you know, 10 percentage points. The more governments go out with this fiscal expansion and come up with these unfunded tax cuts like they did in the UK, for example, the more pressure there's going to be on issuance.
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