@lammie_j@Keir_Starmer Luckily we have a trade deal with India now 💙 besides, trusting @Keir_Starmer and his mob to do anything remotely growth related is an absolute pipe dream at this point! They think spending on the NHS (net negative), or giving train drivers a raise= growth! 😏
@Bound2Liberty@SaffaZimbo4@SkyNews@BethRigby It’s not just about those who didn’t vote it’s mainly to do with unproportional representation. Reform got more votes than Lib Dem’s yet Lib Dem’s won more seats. It’s not even a broken system, it was just set up like shit!!
The sharp rise in the JPY/USD is causing a massive unwind of Yen carry trade positions and contributing to the sharp decline in US stocks. For those who do not understand how this works, a brief explanation
1) Many traders were borrowing Jap Yen (JPY) at low interest rates, converted them to USD and used this to buy US stocks
2) Now that the Bank of Japan (BOJ) is raising interest rates, the JPY has strengthened significantly against the USD.
Now, these traders are in big shit. Not only must they pay higher interest for the JPY they borrowed, they are now facing huge forex losses as well. The USD assets they are holding may not be enough to repay the JPY they have borrowed.
3) This is causing a huge unwind of these trade positions. Traders facing big losses and margin calls are selling their US stocks to raise USD, converting back to JPY and paying back their loans.
4) This can lead to more selling pressure on US stocks and even more declines in the short term. Middle east war escalation, US political uncertainty is also adding to the fear and panic.
As an investor, this is great news because this type of short term crisis and panic is what gives me the opportunity to scoop up high quality US stocks at bigger and bigger discounts. take advantage of temporary mis-pricing caused by short term crisis.
This is how we get richer.
An Exeter-based former royal marine who believes he was exposed to asbestos whilst on deployment overseas has gained the backing of the city’s MP. https://t.co/meJrZXqIzl
📢 Take a look at my biggest investigation yet
EXCLUSIVE: Royal Marines forced to 'sleep in deadly asbestos-riddled buildings on exercise'
https://t.co/xl8mFh59gE
📢 Take a look at my biggest investigation yet
EXCLUSIVE: Royal Marines forced to 'sleep in deadly asbestos-riddled buildings on exercise'
https://t.co/xl8mFh59gE
@theJeremyVine not so long ago you covered #asbestos on BBC R2, maybe you’d like to take a look into this?
The surface has barely been scratched.
https://t.co/jf6zhu963m