Replying to Avatar Kane McGukin

Out of context but… why do so few still not see the problem here and the correlation to the US

“Fundamentally, the UK was, it’s an island who’s industrial base had been largely hollowed out, with a big financial system, highly financialized, highly interest rate sensitive; as a share of GDP. … You can kind of do the math, you can kind of see the options and constraints the Bank of England had” - @LukeGromen

Full Luke video below.

Base case for me in 2020-2021 👇
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Kane McGukin 8mo ago

At the 9 min mark Luke also makes another critical point about the Treasury arb trade

👉 https://open.substack.com/pub/kanemcgukin/p/is-ltcm-replaying-itself-out-in-us

👉 Full video from Luke: https://youtu.be/GFswO3hEZpU?feature=shared

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