Re: New Prime Minister: Liz Truss
Paul Donovan, the chief economist of UBS Global Wealth Management:
Quote:
Advanced economy bond yields are not supposed to soar the way UK gilt yields rose,” he told clients. “This also reminds investors that modern politics produces parties that are more extreme than either the voter or the investor consensus. Investors seem inclined to regard the UK Conservative Party as a doomsday cult
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Harsh but fair ...
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