2min chapter

Swan Signal Live - A Bitcoin Show cover image

Andy Edstrom and Preston Pysh - E90

Swan Signal Live - A Bitcoin Show

CHAPTER

Is This a Lehman Moment?

The British pound basically collapsing on Sunday night after they announced the UK Treasury announced plans for a 45 billion pound unfunded tax cuts. Estimated cost is around 180 billion pounds or 6% of GDP. And we saw pretty historic volatility in the UK bond market. It basically came close to a Lehman moment if it wasn't for the Bank of England coming in and reversing course abruptly and intervening in the bond market.

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