The chairman of The Bank of England is out of his depth. All the rest cannot disguise the fear in their voices as they try to instil a sense of stability in the global banking system.
I am an optimist and no expert, but I can recognise headless chickens when I hear them.
Those chickens are justifiably headless...ReplyDelete
I hope you are not talking French Revolution...Delete
2 US banks recently failed; they were working mostly with the tech industry (Silicon Valley). The rise in US interest rates is causing problems for some banks. Interest rates were less than 1% and now they are closer to 6-7 and some banks went tilt. Is the same thing is happening in the UK? US regulators are saying they should have seen this coming.ReplyDelete
When banks are in trouble we all know it.Delete
I watch the situation fearful too - doesn't look good anywhere at the moment, though I am an optimist too.ReplyDelete
We all hope for the best.Delete
He is not renowned for thinking quickly on his feet, with or without head.ReplyDelete
I can believe that. Lost of 'sort ofs' and 'umms' in his uninspiring talk.Delete
I expect we should all hold our nerve and not take money out of banks. I mean where would you put it? Slightly worrying though that the banking system is under digital hold.ReplyDelete
I keep getting images of the hyperinflation in Germany and people going to bakers with wheelbarrows full of money to buy a loaf.Delete
The Biden administration has ruined our economy! Knowingly!ReplyDelete
$7.00 for eggs?? $6.00 for a rump roast Per Pound? Really? Never in my lifetime (71yrs) have things been so bad...not even in the Carter days.
Just Waiting for 2024!!
How could you hear them if they were headless she innocently asks.ReplyDelete
The magic of radio...Delete