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Month: September 2022

Things are going down…

Things are going down…

Like me on the Oxford canal, heading in a southward direction.

Not only that, but in many other areas of life in and across the world.

My life as a trader

You may or may not know that I spend a lot of my spare time looking at markets, reading economic journals and placing occasional trades on conventional and crypto assets. A day trader, you might say.

Taking in some of the moves in those markets, and predictions for the future leads me conclude that things are definitely moving, in a downward direction.🔻

I believe that life in the UK and the economy under the current prime minister is not viable, and given time will implode. Even in the last few days I read posts about Crispen Odey, one of Kwasi Kwarteng’s close friends, making 145% on UK bond crash, (below).

Relying on ‘trickle down economics‘ at a time of financial tsunami? It’s supplying those at the top with more incentive. Doesn’t make sense unless you want the top 5% to benefit significantly more at a time when they really don’t need any more.

This is the value of government 10 year gilts (debt bonds) going back to 2004

Even if you don’t understand this graph, (which I’m not going to explain), you can see the movements are pretty drastic.

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