Notayesmanspodcast392

This is the latest in my series of podcasts explaining how economics works in the credit crunch and now virus pandemic era. This week I give my thoughts on:- I guess Shaun you'll get any number of questions about what the US is up to, but if not how about something like this: what is Bessent trying to achieve, could it work, who benefits, who loses out. With the general rise in bond markets worldwide, will the ECB continue to ignore Le Spread (+86bps) or will there be a point in time where they will have to intervene? Should I be worried about UK national debt, or will the debt of countries like France, Japan or the USA keep markets occupied. The UK is alone in being the only major currency still pursuing aggressive "Qualitative Tightening" (QT), pushing Government debt out to the gilt markets instead of buying it itself (QE, Qualitative Easing). Others (US, Japan) are swapping gilts to balance interest (QE-lite). Maybe Burnham will too?