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This will be a short post to commemorate an event.
Table of Contents
The British Surrender
Market Impacts
Conclusion
1. The British Surrender
As I said on Sunday, this week would be full of some fuck shit, and we’ve gotten the first little bit of it overnight. You may remember in the intro of yesterday’s post that I shared an example of British 10 year bond (they call them gilts) yields spiking.
We are truly in some historic times, and the toxicity is spreading to other countries as well.
Above is the 1 week chart for UK 10 year bonds (they call them gilt’s over there), and you can see that the exact same contagion is occurring. Not enough people want to buy them compared to how many the government needs to sell on a regular basis. To the moon, except in this case up does not mean good. Up means bad. Very bad.
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