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Tesseraction
Apr 5, 2009

fuctifino posted:

They are saving the 20% rise for next week

Ahhh, I hate cliffhangers.

--the pound

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Danger - Octopus!
Apr 20, 2008


Nap Ghost
(from the Guardian's live story today)

quote:

Investors seem inclined to regard the UK Conservative Party as a doomsday cult, according to Paul Donovan, chief economist of UBS Global Wealth Management.

In his morning comment, Donovan gives an absolutely blistering verdict on the government’s plans:

"The global signals from the UK’s mini-budget matter. Modern monetary theory has been taken into a corner by the bond markets and beaten up. Advanced economy bond yields are not supposed to soar the way UK gilt yields rose.

This also reminds investors that modern politics produces parties that are more extreme than either the voter or the investor consensus. Investors seem inclined to regard the UK Conservative Party as a doomsday cult.

Tax cuts are unlikely to give the UK a meaningful medium-term boost (the supply constraints in the UK economy are more about health and education). A short-term “sugar high” is likely but may be limited. A high-income earner’s rational response would be to increase savings in anticipation of future tax increases."

Definitely a good thing for people to be saying about the 'party of business'

Halisnacks
Jul 18, 2009
^^ edit: Why does it take going to the absolute brink for mainstream voices to realise we are run by a Doomsday cult, this was evident since at least 2019, if not 2015/2016.

Is there any precedent for the BoE intervening immediately after the Government/Treasury has done something exceedingly stupid? (Excluding the EU referendum, which I assume the BoE contingency planned for and hence were ready to go.)

Halisnacks fucked around with this message at 10:11 on Sep 26, 2022

forkboy84
Jun 13, 2012

Corgis love bread. And Puro


Danger - Octopus! posted:

(from the Guardian's live story today)

Definitely a good thing for people to be saying about the 'party of business'

LOL when even the city notices you're a doomsday cult.

peanut-
Feb 17, 2004
Fun Shoe

Halisnacks posted:

^^ edit: Why does it take going to the absolute brink for mainstream voices to realise we are run by a Doomsday cult, this was evident since at least 2019, if not 2015/2016.

Is there any precedent for the BoE intervening immediately after the Government/Treasury has done something exceedingly stupid? (Excluding the EU referendum, which I assume the BoE contingency planned for and hence were ready to go.)

It's pretty unlikely, GBP seems to have recovered all of this morning's losses against USD and EUR already. Running out with panicked, unscheduled interest rate changes would just make the UK look more like an emerging market.

Explicit signalling that they will raise interest rates significantly at the next scheduled meeting is probably what will happen.

Tesseraction
Apr 5, 2009

https://twitter.com/joncstone/status/1574320062047162368

https://twitter.com/joncstone/status/1574323744566296576

Halisnacks
Jul 18, 2009

peanut- posted:

would just make the UK look more like an emerging market.

Wouldn’t want anyone to mistake the U.K. for an incompetently run kleptocracy.

Tesseraction
Apr 5, 2009

peanut- posted:

It's pretty unlikely, GBP seems to have recovered all of this morning's losses against USD and EUR already.

Which is still extremely bad lol.

Also https://twitter.com/VictoriaS_ii/status/1574321066180313090

Tesseraction
Apr 5, 2009

https://twitter.com/inthesedeserts/status/1574323246660476928

Guavanaut
Nov 27, 2009

Looking At Them Tittys
1969 - 1998



Toilet Rascal
When you identify as an LGB
https://twitter.com/petefrasermusic/status/1574085330344493057

josh04
Oct 19, 2008


"THE FLASH IS THE REASON
TO RACE TO THE THEATRES"

This title contains sponsored content.

It's very efficiently letting people know who you are, to be fair.

Tesseraction
Apr 5, 2009

It's perfect how either way of expanding it makes you a oval office, given that the worst people in the US are doing Let's Go Brandon memes.

Cheesus
Oct 17, 2002

Let us retract the foreskin of ignorance and apply the wirebrush of enlightenment.
Yam Slacker

forkboy84 posted:

Shame Britain hasn't had anything to export for 40 years.
Stiff upper lips and chocky biccies, mate?

Angepain
Jul 13, 2012

what keeps happening to my clothes

Cheesus posted:

Stiff upper lips and chocky biccies, mate?

also specific varieties of transphobia. our export market is booming

Tesseraction
Apr 5, 2009

forkboy84
Jun 13, 2012

Corgis love bread. And Puro


Cheesus posted:

Stiff upper lips and chocky biccies, mate?

Did you miss the wailing around the Queen's death? Britain is a deeply psychologically damaged nation and hasn't had a stiff upper lip since the Rivers of Blood speech as we shat ourselves at the colonials coming over here with their accents and their different amounts of melanin in their skin

forkboy84
Jun 13, 2012

Corgis love bread. And Puro



Dishy Rishi imo

His Divine Shadow
Aug 7, 2000

I'm not a fascist. I'm a priest. Fascists dress up in black and tell people what to do.
Hopegfully this will at least discredit the right and right wing economic ideas a little?

Failed Imagineer
Sep 22, 2018
Somehow, Johnson Returned

keep punching joe
Jan 22, 2006

Die Satan!
We are a net exporter of horrible comedians to the US, as well as world leading in self owns and pratfalls.

forkboy84
Jun 13, 2012

Corgis love bread. And Puro


His Divine Shadow posted:

Hopegfully this will at least discredit the right and right wing economic ideas a little?

It's already been talked about like it has discredited MMT somehow.

peanut-
Feb 17, 2004
Fun Shoe
It's yet another damning indictment of Jeremy Corbyn

Tesseraction
Apr 5, 2009

Well that's going to be fun https://twitter.com/EdConwaySky/status/1574329155138818051

Tesseraction
Apr 5, 2009

peanut- posted:

It's yet another damning indictment of Jeremy Corbyn

The Indie blaming the real culprit https://twitter.com/Independent/status/1574311092628688896

Failed Imagineer
Sep 22, 2018

Corbyn is single-handedly funding the Duke Smoochem project to radicalise the weans against Starmer, the Jewish people, and Greggs

Guavanaut
Nov 27, 2009

Looking At Them Tittys
1969 - 1998



Toilet Rascal
Jeremy 'Corbyn' played 'a' version of 'Doom' that lets 'you' 'kill Thatcher'

Failed Imagineer
Sep 22, 2018
If only the IRA had access to this mod to satisfy their Thatcher-lust.


Anyway, yikes from that big thread on rates for sure
https://twitter.com/EdConwaySky/status/1574340968890900480?t=roUJP3NgjGPI-DAN5j8UHg&s=19

This is fine, probably.

Also, while Larry Summers is a repulsive lizard, this is a pretty good burn that has the benefit of being accurate

https://twitter.com/lewis_goodall/status/1573324063266803716?t=1m_yWJZqpaXHAqb_j36XDw&s=19

Inexplicable Humblebrag
Sep 20, 2003

His Divine Shadow posted:

Hopegfully this will at least discredit the right and right wing economic ideas a little?

keep punching joe
Jan 22, 2006

Die Satan!
Keir's gonna bring back British Rail comrades, it's happening :toot:

https://twitter.com/jessicaelgot/status/1574314808635260931?t=ui_IKqeCXdZbFwViUGYw5A

Postorder Trollet89
Jan 12, 2008
Sweden doesn't do religion. But if they did, it would probably be the best religion in the world.

Which WAD is that? Asking for a friend.

Dead Goon
Dec 13, 2002

No Obvious Flaws



Where would one download this Doom wad from?

Tesseraction
Apr 5, 2009

I posted it previously itt https://thatchers-techbase.github.io/

Tesseraction
Apr 5, 2009

https://twitter.com/alanbeattie/status/1574329107252248576

Tesseraction
Apr 5, 2009

Oh hey finally, one reason to vote Labour https://twitter.com/jessicaelgot/status/1574314808635260931

Doesn't mean I don't understand why those of you represented by cunts would still choose not to.

forkboy84
Jun 13, 2012

Corgis love bread. And Puro


Tesseraction posted:

Oh hey finally, one reason to vote Labour https://twitter.com/jessicaelgot/status/1574314808635260931

Doesn't mean I don't understand why those of you represented by cunts would still choose not to.

I'll believe it when it happens & not a second before

keep punching joe
Jan 22, 2006

Die Satan!
Imagine Liz Truss' tenure as PM was shorter than Liz Truss' leadership campaign.

Bacon Terrorist
May 7, 2010

to ride eternal, shiny and chrome

THUNDERDOME LOSER 2022
Please explain to me what difference there will be between Keith's nationalising the railway and the current 'Great British Railways' shite they are quietly implementing?

Is there no constituitional comebacks for a reckless cabinet that actively fucks everyone over? Executed live on tv at the Tower of London and their heirs asset stripped?

Bacon Terrorist fucked around with this message at 11:55 on Sep 26, 2022

Gravitas Shortfall
Jul 17, 2007

Utility is seven-eighths Proximity.


Bacon Terrorist posted:

Is there no constituitional comebacks for a reckless cabinet that actibely fucks everyone over?

Are you seriously asking if Tories will ever experience consequences for their actions? of course not

Bacon Terrorist
May 7, 2010

to ride eternal, shiny and chrome

THUNDERDOME LOSER 2022
Even the tory voters are pissed off this time though.

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Nothingtoseehere
Nov 11, 2010


Failed Imagineer posted:

If only the IRA had access to this mod to satisfy their Thatcher-lust.


Anyway, yikes from that big thread on rates for sure
https://twitter.com/EdConwaySky/status/1574340968890900480?t=roUJP3NgjGPI-DAN5j8UHg&s=19

This is fine, probably.

The UK hasn't seen interest rates like this since Feb 2000.

Also, the Bank of England published a report recently showing that the majority of house price increases since 2008 were a result of the last 15 years of ultra-low interest rates.

Has a Tory government finally lowered house prices? Would fit their current incompetence.

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