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Heresy Financial
Oct 12, 2022
The Bank of England just increased and expanded their bailout. This comes despite the fact that this emergency bailout, this QE, Unlimited QE, was supposed to be ending on October 14th, and even that was not ever supposed to happen because they were supposed to start quantitative tightening and selling assets off of their balance sheet.
But before they ever got around to selling, there was a blow up about to happen with pension funds because the pension funds there had increased their leverage and used derivatives to increase their returns because there wasn’t enough money coming in to pay what was going out.
And on top of that, the country’s tax cuts without spending cuts and now the implosion of corporate debt. It looks like the Bank of England may not be able to end this QE on October 14th like they said they would, especially considering they just expanded their QE to other debt.
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