Page 2 - Libby Cherry News Today

Years of unprecedented monetary inflation created false realities. UK’s Barclays Bank CDS jumped 11 to 147 bps, the high back to July 2013.

We are about to commence an adjustment period that I fear will shake us to the core. Is there an end in sight? Click here to find out.

The UK thought it had the trust of markets — until it didn’t. Now homeowners and businesses will likely have to pay the price.

The UK thought it had the trust of markets — until it didn’t. Now homeowners and businesses will likely have to pay the price.

The Bank of England unleashed its biggest interest-rate increase in 27 years as it warned the U.K. is heading for more than a year of recession under the weight of soaring inflation.

CPI was up 9.1% y-o-y in June, the highest rate, as we all know by now, since 1981. Read more.

Russia has defaulted on its external sovereign bonds for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors.

The FOMC hiked rates 75 bps Wednesday, the largest rate boost since Greenspan’s lone 75 bps move more than 27 years ago (November 1994). For anything bigger, it’s back to the Volcker era.

By Bloomberg News (Bloomberg) — In early March, as the US and its allies unleashed a wave of sanctions on Russia, President Joe Biden stood in the White House and said...

Once again this week, it had all the appearances of one massive global “trade” unraveling. Click here to read about all the action for the week.