Chomper Higgot

Mortgage holders are going to be delighted.

People on low incomes spend increases in money they receive in the local economy, that spending stimulates economic activity from the bottom up. Local spending, local businesses, local communities.

Dealing with inflation is obviously necessary, the BoE are on it. Borrowing money to give tax cuts in a ‘growth gamble’ is lunacy. 1. It works directly against the BoE efforts to control inflation. 2. It burdens tax payers and the economy with debt. 3. It deflated the pound, thereby increasing inflation. 4. It goes nothing to address the cost of living crisis. It does however hand tens of billions to people who are already wealthy. Meanwhile millions of people in the UK are unable to afford regularly meals.

You assume Truss has any say in BoE interest rates, she does not. Moreover she has signaled she may remove BoE independence. Right now the BoE is increasing interest rates to quell inflation and the Exchequer is borrowing money to reduce taxes, thereby increasing available cash in the economy. This clearly is not a coordinated plan. Running across a busy road with your eyes shut could also be referred to as ‘a bold move’, or ‘crass stupidity’.

I was right, she was the opposition’s preferred candidate. And she’s making exactly the mess I and many others predicted. But congratulations, you did manage to find Truss’ foremost supporter, who I was responding to. Oddly, since getting what he wanted he’s gone very quiet.

Let’s see if you can find a post in which I support Truss for PM.

Pinned.

Wandering off topic again are we?

Not much use to fill the exchange loss in the meantime.

Roll profits from shorting the pound into buying stock at the bottom of a crashed market - Kerr-Ching.

Sadly many people don’t have the awareness or ability to make long term financial plans around market fluctuations. So let’s not blame them and ask why is the Government enacting policies that are damaging the economy and that they warmed would damage the economy?

Pause for a moment: You are getting all eaten out over not being able to read the contents of a stolen diary. Now have a word with yourself.

The Republicans are showing the nation who they are.

I think ‘The Left’ are almost certainly watching Truss tank the economy while handing tens of £billions to the already wealthy while thinking ‘this is her honeymoon period’. Or they might be observing he chief of staff being questioned by the FBI regarding election rigging. Or perhaps they are observing the fact Truss has actively sought to antagonize Tory MPs who didn’t support her. Regardless’The Left’ did not hound Johnson out, he was ousted by his own party.

‘If’ and ‘I think’.

They make even more money when they are ‘given the nod’.

Well, perhaps not surprisingly, your wild assumption doesn’t answer my question,

All 12 in the ‘real crime’ section.

The last time the pound tanker like this it ended the retirement/life in Thailand dreams of many British expats. Tanking the pound has real negative consequences for people living in Thailand on income from the UK and of course for the millions in the UK already struggling with the cost of living crisis. A tanking pound absolutely does make a difference.

What was it a week ago?

If you’ve not already done it, you’re too late already. But some where quick to the ‘party’ (Pun intended). The UK Government’s mini budget of last week has tanked the pound; just what the nation needs in a cost of living crisis. But it’s not bad news for everyone, by example, there are others, Crispin Odey ( he who made a vast fortune betting against Sterling during Brexit) is again raking it in. One could be forgiven for thinking there’s method in this madness, where the UK Government enacts policies that depreciate Sterling while significant donors to the Tory Party take in fortunes with by timely shorting the very same currency. People living in Thailand on income from the UK are now getting a shade under ฿39/£1. https://www.reuters.com/business/finance/odeys-hedge-fund-soars-145-bets-against-uk-bonds-sources-2022-09-22/

I don’t like Cheney, but she’s the only Republican left with balls.

I’m calling this rightwing, MAGA attempt to denigrate President Biden for what it is, ‘Projection’. Give me a shout when Biden comes down the steps of Air-force 1, then wanders off aimlessly until his staff bring him back. Let me know if you catch Biden saluting North Korean Generals, or praising despots. I certainly want to know if Biden is carted off to hospital in the middle of the night for a cognition test, or if members of his administration seriously start discussing enacting the 25th Amendment. And I’ll definitely be interested if Biden starts claiming he can execute Presidential authority simply by thinking about it. I do however draw the line at being presented with credible photographic evidence suggestive of Biden wearing adult diapers, that would put me off my morning Covfefe.

And what exactly is the problem with that?

Rightwing hate is an international brand - who knew?!