A billion here, a billion there, and pretty soon you are talking about real money
Each bear market is different, and this one warrants further analysis on politics across different capital cities.
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Each bear market is different, and this one warrants further analysis on politics across different capital cities.
Regulatory authorities responsible for the £1.5 trillion UK pensions sector, which almost imploded last week, have been holding daily talks with asset managers to stave off a fresh crisis when an emergency Bank of England bond-buying program ends next week.
The turmoil reached a new level of intensity this week, sparked by the reaction of financial markets to the UK mini-budget, which handed out £45 billion in tax cuts to the wealthy while increasing government debt by £72 billion.
A survey of investor sentiment is near levels of pessimism last seen before the bull run. Valuations don’t back that up.
There are worrying signs that inflation is becoming embedded in the economy, but many investors are struggling to adjust to the new reality.