Danny Blanchflower, despite the discretion required of a former BoE interest rate setter, unhesitatingly describes La Truss as in GaGaLand with her preparedness to borrow perhaps a further 150bn pounds.
Well, we Sunakers never quite put it that way. And it must be accepted that nobody knows for sure. However, I slightly suspect that nobody in the cabinet today recalls the collapse of Danish government debt prices some thirty plus years ago. It can happen again and to us.
However, on the personal celebratory side, Tom Hayes has pulled it off this morning with JPY strengthening against USD. (Apparently other currency pairs have proved even more successful.)
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Meanwhile my brother Tim has this week published A New Zealander In Oxford covering our father’s time at Oxford. If you like donnish jokes it is for you. £15 at Amazon.
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I would comment on REA’s half time results due out this morning. However, for some reason, although advertised as up they are not.
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Finally, Jersey Oil and Gas (JOG) has come out with a very bullish statement this morning. The price is 240p offer and a screaming buy.