Mailwatch(ed) Forum

That’s been clear since May’s Red lines speech. BoE predicting growth to flatline and interests rates rising to six percent by next February. On the bright side, not a lot of bandwidth for culture war.

Crabcakes wrote: ↑Mon Sep 26, 2022 11:02 am Sky news reporting letters are going in to Graham Brady already. They’re absolutely shitting it that she’s broken the economy.

No point making loads of £££ if you make the £ worthless.

You really think they're making their fortunes (bigger) in sterling?

davidjay wrote: ↑Mon Sep 26, 2022 4:52 pm

Crabcakes wrote: ↑Mon Sep 26, 2022 11:02 am Sky news reporting letters are going in to Graham Brady already. They’re absolutely shitting it that she’s broken the economy.

No point making loads of £££ if you make the £ worthless.

You really think they're making their fortunes (bigger) in sterling?

The big hedge funders, sure. But I was talking about a lot of traditional Tory voters who will be seeing the value of their savings diminish even if they’ve kept a few more quid in tax.

In moving very clearly away from the centre, they’ve also moved very much upwards in the social classes they have decided to appeal to.

Where has she been the last few days?

Ought to have been everywhere in the media, reassuring markets.

Midas Touch.

Might be an outlier but the Tories trail in the latest yougov poll by 17 points. And fieldwork done before today's disasters.

Let’s put it this way I’m not sure where we will see a bounce from for her.

Tubby Isaacs wrote: ↑Mon Sep 26, 2022 6:46 pm Where has she been the last few days?

Ought to have been everywhere in the media, reassuring markets.

Almost like her backup plan was to distance herself and leave Kwarteng out to dry if it didn’t work.

Apparently she has form for doing next to nothing and then swooping in and taking credit, so should there be a miraculous turnaround you can expect photoshoot Liz to be popping up at every treasury brief, business lunch and bank meeting.

Crabcakes wrote: ↑Tue Sep 27, 2022 9:16 am

Tubby Isaacs wrote: ↑Mon Sep 26, 2022 6:46 pm Where has she been the last few days?

Ought to have been everywhere in the media, reassuring markets.

Almost like her backup plan was to distance herself and leave Kwarteng out to dry if it didn’t work.

Apparently she has form for doing next to nothing and then swooping in and taking credit, so should there be a miraculous turnaround you can expect photoshoot Liz to be popping up at every treasury brief, business lunch and bank meeting.

"Doing a John Terry" as the football fans say.

Crabcakes wrote: ↑Tue Sep 27, 2022 9:16 am

Tubby Isaacs wrote: ↑Mon Sep 26, 2022 6:46 pm Where has she been the last few days?

Ought to have been everywhere in the media, reassuring markets.

Almost like her backup plan was to distance herself and leave Kwarteng out to dry if it didn’t work.

Apparently she has form for doing next to nothing and then swooping in and taking credit, so should there be a miraculous turnaround you can expect photoshoot Liz to be popping up at every treasury brief, business lunch and bank meeting.

Really? I wonder who she got that from?

Turns out Truss isn’t inept, or scheming to let others take the fall. She’s just weapons-grade batshit crazy.

https://news.sky.com/story/liz-truss-ha ... r-12706352

mattomac wrote:Let’s put it this way I’m not sure where we will see a bounce from for her.

Hopefully when her arse is bounced out of No 10.

Crabcakes wrote: ↑Tue Sep 27, 2022 5:16 pm Turns out Truss isn’t inept, or scheming to let others take the fall. She’s just weapons-grade batshit crazy.

https://news.sky.com/story/liz-truss-ha ... r-12706352

Good luck with that.

The government will reject claims circulating in Whitehall that the meeting between Ms Truss and Mr Kwarteng was "argumentative" and descended into a "shouting match".

This comes as the chancellor plans to hold further emergency meetings with global bankers this week to discourage them speculating on the pound.

Why am I imagining that meeting and picturing Jennifer Connelly's final scenes in Requiem for a Dream?

Has anybody actually seen her?

She’s got to make a speech next week which has gone from very easy to seriously difficult.

And no pressure as her entire premiership could fall because of it.

Statements today (Not the PM but some of her close supporters) suggest a two pronged deflection.

* Investors shorting the pound: Happens every day, nothing to see here.
* Crisis: It's all the Bank of England's fault for not responding appropriately.

Truss may enjoy a bounce, next year. People with no mortgages and private pensions benefit from high interest rates.

Youngian wrote: ↑Wed Sep 28, 2022 11:31 am Truss may enjoy a bounce, next year. People with no mortgages and private pensions benefit from high interest rates.

Might be smaller than expected though if they have to help out their kids who do have mortgages. Or are trying in vain to get one.