A 1% increase in interest and inflation rate will add £25 billion per annum to the UK Government debt repay. Underlying debt is now 100% of GDP.
M3 is the number for Money supply not just the motorway to Basingstoke. On a graph it’s at an all time peak. The last two peaks reached, lower than today’s summit were reached on the eve of Crash.
I’m just saying , do I think there’s going to be a Crash ? No I don’t because it’s the one thing we can’t afford. Call it a reset then that’s next and those heavily indebted companies like Evergrande in China with circa $90 billion debt will be the next takeaway. Chop sticks literally. The Company have certainly met a fork in the road and the knives are out.
Meanwhile back in the UK House prices keep rising which defy the law of gravity unless wages triple. The Banks of Mum and Dad are fully open but Mum and Dad still need to get through and they need to watch out that the whole house doesn’t come down. You can only call Emergency Services if someone answers the phone.
The pound notes are disappearing in place of plastic but the pound notes are also evaporating because of inflation. Balloons do pop as well. Have a good weekend.
qbitblogger 