JuneSim63 💚

"I am here to state emphatically that bond market traders are not the problem, and they are not the threat. .. Instead let us salute the bond markets for warning the British public of the real threat posed to the British economy by the enormously powerful and unaccountable neoliberals governing the Bank of England"
Ann Pettifor

#BankOfEngland #BondMarkets #UKPolitics

Blame the Bank of England for Bond Market Turmoil
https://annpettifor.substack.com/p/blame-the-bank-of-england-for-bond

Blame the Bank of England for Bond Market Turmoil

… not 'Bond Market Vigilantes'

System Change
Mar 23 at 6:37amWeb
Show threadJuneSim63 💚3d ago
"Everyday bond traders were responding in the only way they knew how to the Bank of England’s threat - and it is a grave threat. Namely that in face of this global crisis, the Bank will deepen Britain’s economic crisis by raising the cost of new bonds - in other words the cost of borrowing"
Ann Pettifor