Looks like the #uk 's #boe raised 50bps: https://www.zerohedge.com/markets/pound-.. The #eu 's #ecb also raised 50bps: https://www.zerohedge.com/markets/ecb-hi.. There's going to be even more to come too. #recession is around the corner.
It looks like the #ecb 's #euro will soon #collapse , because each of the #eu #members are borrowing against it: https://youtube.com/watch?v=W1II8rW4gNg They have their own #sovereign #debt plus the #ecb #debt . It might be #italy that breaks the #euro with the #ecb #buying a lot of their bad #debt .
Ouch, the #eu #ecb is running out of #options , despite increasing #interest #rates , they are still at -7.85% #interest after #inflation https://www.zerohedge.com/markets/peter-.. It means putting your #money into #euros means it vanishes as they #print #money to pay off #interest on #debt , which in turn creates lower #demand . Needless to say, #europe is *fucked.* There is no way out of this.
#ecb appears to be #preparing for mass #eu #energy #company #defaults https://www.zerohedge.com/markets/ecb-sc.. It will be interesting to see what they do after, #bailout them or take them over. Given the #eu 's naturally #expansionist #behaviour , I expect they will look to #control them and therefore make the #nation #states #dependent on the #eu .
*Holy shit* - #energy #bills in the #eu are set to take up 20% of the #average #home 's #disposable #income https://www.zerohedge.com/commodities/eu.. That is before the #ecb come into #hyper #inflation ...