As the clock ticks to knowing who will be the next Prime Minister the signs look ominous. With a major Bank warning inflation could hit 22% a surprise came in the form of a 49% increase in the cost of UK Government borrowing. The 10 year gilt or Bond yield or interest rate has risen from 1.84% end of July to 2.747% today.
This rise is on the back of a warning from Contender Rishi that we are in trouble if Truss wins and the roof will fall in on Britain. A Politician would of course say anything that fits but clearly we are heading into stormy waters. As Boris ‘ Blofeld ‘ Johnson leaves Office he will no longer be able to stroke the Downing Street Cat. Who will be the next Goldfinger in Number 11 the present incumbent looks like he is going for an early bath and one of the previous incumbents Mr Brown sold off most of the Gold when he was Chancellor. Gordon told us that we have to take these Knox and it was the Fort that counts if we don’t want boom and bust. Gordon let me tell you we still have.
M in the form of Priti Patel is unlikely to remain Home Secretary and if Liz has her way next week she will be on the first plane ( the only plane ) to her beloved Rwanda. Arch Villain John Redwood is coming back to power it seems, where we don’t know but for sure he will be lurking somewhere.
With present goings on out east we will need a new Foreign Secretary if Liz does win who has seen From Russia with Love. Who can we send to negotiate with Vlad the Impaler and bring an end to it all ? We need a Rosa Kleb , spiked up and ready to start kicking. Let’s send Braverman or is it Braverwoman , a lawyer who loves to kick the opponent . As for Dominic Raab the faithful don’t always get rewarded and he may not like the Thunderball coming his way.
As regards the likely worsening of the economy we will need a new Q to come in with some wizard gadgetry to fix the problem. Diamonds are clearly not Forever and we need the Man or Woman with the Golden Gun especially as Gold prices in uncertain times continue to rise, $1743 an ounce today.
The big question of course is who will be the next James Bond, the rescuer , the lover, the cool , the one who turns up just in time. A Saviour is going to be required and cometh the hour cometh the ? Whatever it could be Idris Elba or Kwasi Kwarteng swinging into action. Mallory or Rees Mogg will be waiting to brief him. We will see the new Bond appear For Our Eyes Only.
Boris meantime has been told , You Only Live Twice and is planning with Trump their dual comeback 2024 to conquer all and scare The Living Daylights out of many. To many this may well be a daunting Spectre and wish they Die Another Day.
For Mr Putin the World is not Enough but we can take a Quantum of Solace that he will not be with us for long. Everything comes to pass of course and we can look forward to those On Her Majesty’s Secret Service to guard and protect us throughout. In a world where no one no longer has a Secretary it is sadly farewell to Moneypenny but Miss Bitcoin is waiting to take her place at any time. If inflation wipes out all the money value at this rate we will need the digital stuff or something perhaps like chips from the Casino Royale
As for the Treasuries Mr Bond , expect the yield to rise, mortgage rates with it and the Skyfall on house prices as common sense returns somewhere soon. It’s No Time to Die let me tell you and there are many more Characters , Villains and Heroes yet to appear. Be Strong and look up to where our help comes from.
qbitblogger 