Megan Greene on the UK’s Recent Market Turmoil and What it Means for the Future of the Global Economy
Macro Musings with David Beckworth
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Is There a Risk in Inverting the Yield Curve?
A lack of confidence and leadership demonstrated by the different agencies in the UK government, all those things kind of came together to make this perfect storm. Leadership matters. I guess is one big takeaway in thinking through how you present your packages and your spending. Another question I want to ask is what the Bank of England did was like QE or buying up these longer term bonds to bring down these yields so that pension balance sheets wouldn't be blowing up. So we kind of lower the yields, the prices of their securities go back up and things are better. And what's interesting to me is at the same time they're pushing up short term rates, right? They were at least for a while
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