Two weeks ago, I wrote in my newsletter about the currency crisis that several countries are facing (UK, Japan, EU). Only two days later the Bank of England (BoE) decided to pivot from quantitative tightening to quantitative easing. De declining Pound, but more important, the fast declining price of UK Treasury bills almost triggered a Lehman-moment, where 90% of UK’s pension funds could have gone bankrupt.
The FED Pivot
The FED Pivot
The FED Pivot
Two weeks ago, I wrote in my newsletter about the currency crisis that several countries are facing (UK, Japan, EU). Only two days later the Bank of England (BoE) decided to pivot from quantitative tightening to quantitative easing. De declining Pound, but more important, the fast declining price of UK Treasury bills almost triggered a Lehman-moment, where 90% of UK’s pension funds could have gone bankrupt.